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It was a big news day out of Harvard Business School Thursday. Hot on the heels of the announcement of  Tata’s $50 million gift to fund a new building on the campus, Harvard also heralded the launch of the first lab for innovation and entrepreneurship funded and developed by the Business School.

With the goal of spurring innovative ventures across the university, at Harvard Business School, and in the Allston-Brighton neighborhood, the Harvard Innovation Lab will open in the 2011 fall semester.

“For the University as well as for the economy and our nation, the importance of innovation cannot be overstated,” says Harvard president Drew Gilpin Faust when announcing the launch. “It is also of utmost importance and great interest to our students and faculty, many of whom are inventors and entrepreneurs. This lab will foster team-based activities and deepen interactions among both aspiring and experienced innovators across the schools of Harvard.”

To read the full, original article click on this link: Harvard Launches its First Innovation Incubator | B-School Admissions Formula