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Formula Growth donates $300,000 to HEC Montréal

March 31, 2014

Thanks to a $300,000 donation from Montreal-based investment firm Formula Growth Limited, HEC Montréal is launching the Dobson-Formula Growth Experience as part of its Rémi Marcoux Entrepreneurial Track.

Thanks to the Experience, a scholarship fund will be created to support two of the required activities in the new entrepreneurship training program, i.e. the Entrepreneurship Bootcamp and Campus Abroad courses. All in all, in each of three years some twenty students will receive financial support from Formula Growth.

Michel Patry, Director of HEC Montréal, says: “Formula Growth’s generous gift is of tremendous value to HEC Montréal, especially given that entrepreneurship training and education are among our key priorities for the coming years.”

The Bootcamp, consisting of one day, a weekend or an entire week of activities, will be aimed at helping students excel by becoming aware of their strengths and weaknesses, pushing their limits, changing their perspective or developing their weakest personal skills. Supervised by a professor and condensed into three weeks, the Campus Abroad credit course lets students immerse themselves in a new business environment and cultural context.

This financial support is just one of a series of philanthropic and entrepreneurship initiatives launched half a century ago by the late founder of Formula Growth, John W. Dobson. The gifts to universities confirm the company’s desire to maintain a tradition of promoting entrepreneurship at Quebec universities and create links between private enterprise and top business schools. Formula Growth also made donations to the John Molson School of Business at Concordia University, Bishop's University and McGill University's Desautels Faculty of Management, for a total gift of $1.1 million.

Michel Patry; Alan Shepard, president of Concordia University; Randall Kelly, president of Formula Growth Limited; Steve Harvey, dean of Concordia’s John Molson School of Business; Michael Goldbloom, C.M., principal of Bishop’s University; Marc Weinstein, vice-principal of Development and Alumni Relations at McGill University.

Photo: Joseph Dresdner, Concordia University.


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