Oculus VR CEO Brendan Iribe has gifted $31M to his alma mater, the University of Maryland (UMD), to help fund the construction of the Brendan Iribe Center for Computer Science and Innovation. This facility will include state of the art hacker/maker spaces, team breakout areas, and cutting edge new equipment and resources that will encourage the study of virtual reality. $1 million of the donation is also to be used to establish the Brendan Iribe Endowed Scholarship in Computer Science.
Iribe and his co-founders are wealthy from a $2 Billion acquisition (by Facebook) of their virtual reality headset start-up, Oculus VR. With co-founders like Palmer Luckey who was only 19 when he created the first version of Oculus Rift, Iribe doesn’t miss the connection – that most of the students who will be using the building will be around the same age.
“These college students aren’t jaded, and they are coming up with ideas that are changing the world,” Iribe states.
This $31M donation to UMD will help create a space where such students can imagine, build, collaborate and succeed together. Virtual reality is bound to have a huge impact on the world and, with this donation, UMD entrepreneurs and innovators will have the tools necessary to make the seemingly impossible a reality. In the coming years, it will be exciting to see what this community will create.