OTHER NEWS - Jan. 11, 1994
From Times Staff and Wire Reports
MIT Gets $6.5-Million Endowment to Spur Invention: Jerome Lemelson, the most prolific living inventor in the United States, set up a $500,000 annual prize--the biggest of its type in the world--to reward U.S. inventors and innovators for their creativity. The prize will be overseen by the Massachusetts Institute of Technology as part of a $6.5-million program endowed by Lemelson. The first prize will be awarded early next year. Last year, Lemelson year gave $3.2 million to Hampshire College in Amherst, Mass., to support a series of projects intended to encourage inventions that could be bases for starting new businesses.
