The Legatum Center for Development and Entrepreneurship catalyzes entrepreneurship for broad-based prosperity in low-income countries. The Center was founded on the belief that economic progress and good governance in low-income countries emerge from entrepreneurship and innovations that empower ordinary citizens. The Legatum Center for Development and Entrepreneurship was founded at the Massachusetts Institute of Technology in 2007 through a multi-million dollar gift from Legatum Group, a global investment firm.
The Center administers programs and convenes events that promote and shape discourse on bottom-up development. Led by Iqbal Z. Quadir, founder of Grameenphone and Emergence BioEnergy, the Center administers a competitive fellowship program for incoming and current MIT students, from across all academic and professional disciplines, who have demonstrated the potential and commitment to create innovative and inclusive enterprises in low-income countries. In addition, the Center convenes an annual conference, hosts lectures, and supports teams of enterprising men and women at MIT who are passionate about starting viable businesses in the developing world.
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