High-tech entrepreneur Jim Clark will donate $150 million to Stanford University to help launch a cross-disciplinary initiative in biomedical engineering and sciences, Stanford said Tuesday. The contribution, which will be the largest single gift in Stanford's history since its founding, will be used to build the James H. Clark Center for Biomedical Engineering and Sciences. It will also provide money for faculty and equipment and graduate student fellowships. Clark, the founder or co-founder of Netscape (NYSE:AOL), Silicon Graphics (NYSE:SGI) and Healtheon (Nasdaq:HLTH), is currently developing a photo startup. -- Reuters
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