Newark, NJ, Oct. 25. 2022 (GLOBE NEWSWIRE) — Pioneering venture capitalist John Martinson is donating $3 million to the New Jersey Institute of Technology to broaden and deepen curriculum and real-world experiences for top scholars at his Albert Dorman Honors College and across the university.
The largest single prize in ADHC’s 27 years will allow the college to add two new educational pathways; triple the number of undergraduates at the Honors Summer Research Institute; more than double the number of scholars studying abroad; add internships and cooperative educational experiences; restructuring its course offerings; and creating new opportunities for faculty affiliation in colleges, according to ADHC Dean Louis Hamilton.
The transformational donation will benefit approximately 650 Honorary Scholars Albert Dorman as well as nearly 300 Dean Scholars at five other colleges at the university — exceptional students who excel academically, volunteer locally and are poised to become America’s future leaders.
“New or enhanced activities and initiatives made possible by this extraordinarily generous commitment will expand Albert Dorman Honors College’s capacity to develop scientific knowledge, technical skills, and personal skills and traits that will make them thoughtful, conscientious and sociable. . -A minded STEM leader for 21st century,” said NJIT President Teik C. Lim.
Martinson is chairman of Martinson Ventures, which has financed and mentored more than 50 private companies, primarily in the software and technology sector, with total investments of $2 million to $5 million. Early in his career, he founded Edison Partners, which invested more than $2 billion in 230 companies and realized 180 exits. Martinson is also a co-founder of the New Jersey Technology Council and the New Jersey Venture Fair.
NJIT recognized Martinson’s achievements in 2000 with the Entrepreneurial Leadership Award. Subsequently, he became a major donor, investing a total of $835,000 in three NJIT initiatives: The Computing Education Programme, Institute of Teaching Excellence and VITAL@NJIT, short for Virtual, Immersive, Technologically Augmented Learning. The prize came under the leadership of previous presidents Joel S. Bloom (founding dean of ADHC) and Saul K. Fenster and with the guidance of former Provost Fadi P. Deek.
Martinson’s recent contribution reflects his belief in the value of honor colleges, the quality of education at NJIT, and the success of the programs he supports.
“What impressed me was that NJIT grew in size and grew in national status,” said Martinson, who holds a bachelor’s degree in aeronautical engineering from the US Air Force Academy, a master’s in astronautics from Purdue University and an MBA from Southern Illinois University. “I am enthusiastic about the progress, transformation and vision of the university.”
“I’ve been to more than 20 honor colleges and Dorman is one of the best I’ve seen,” adds Martinson. “This is a way to attract the best students to local institutions. And these top 10 percent become leaders on campus and after graduation.”
Faculty from across NJIT teach and mentor Dorman Scholars and will continue to do so, even as the college establishes new levels for faculty affiliates from across campus, and offers new resources to support faculty. As the college adds new tracks in Global Studies and Interdisciplinary Digital Studies, it will seek faculty with experience in data visualization and digital studies, global studies and service learning.
In short, Martinson’s contribution will help ADHC realize the top priorities in its strategic plan and for that, Dean Hamilton is grateful.
“NJIT offers an incredibly powerful transformative education to its students. This gift enables Dorman College to take that transformational NJIT education to another level: the honors curriculum is meant to accelerate our scholars along the path to becoming leaders in their professions and communities who understand and are committed to improving society. This prize is invested in scholars and faculty to bring high-impact educational practice and experiential learning to honors pathways and courses,” Hamilton said.
“This honors curriculum will certainly increase the number and strength of NJIT applications for prestigious scholarships and graduate schools and will make our alumni more valuable in the world of work. Most importantly, they will empower our scholars to use their technical training to become positive change leaders in the world.”
In recognition of Martinson’s generosity, NJIT will name its hall of honor, located on Warren Street, the John Martinson Hall of Honor. The inauguration will take place in the spring semester of 2023.
About the New Jersey Institute of Technology
One of only 35 polytechnic universities in the United States, the New Jersey Institute of Technology (NJIT) is a Carnegie R1 Classification research university (most elite) offering more than 125 undergraduate and graduate programs and spurring economic growth while preparing students to become leaders in a vibrant economy. rely on 21st century technology. NJIT is a catalyst for applied research and innovation that improves lives and drives economic growth. Rating No. 14th in the country on Money’s Best Colleges list, NJIT also stands among the top 100 colleges and universities nationwide for the mid-career earnings of its graduates, according to PayScale.com. NJIT is ranked No. 33 nationally by The Princeton Review as a Best Value College and rated among the top 50 public universities and the top 100 overall by US News & World Report.
NJIT Honors Residence