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2 top UM business alumni set fund. Under Armour founder, ex-CEO of HP donate $175,000 for startups

Under Armour founder Kevin A. Plank and former Hewlett-Packard chief executive Carleton S. Fiorina, both alumni of the University of Maryland’s Robert H. Smith School of Business, have donated $175,000 to establish a fund that will invest in student- and alumni-run companies, the school announced yesterday.

The fund at the business school’s Dingman Center for Entrepreneurship adds to a growing list of resources for budding entrepreneurs at the university, business school officials said. A $50,000 portion of the fund has been designated for socially responsible ventures.

By Hanah Cho | Sun reporter

Full Story: http://www.baltimoresun.com/business/bal-bz.endow09oct09,0,1670644.story

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