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Thanks to Arthur Buerk, the University of Washington entrepreneurship program is getting renamed and receiving a nice chunk of change in the process.

Buerk, a 1958 UW grad and founder of Montlake Capital, today donated $5.2 million to the program now named the Buerk Center for Entrepreneurship.

Buerk also co-founded the center in 1991 and, along with his wife Sue, gave more than two decades of service and philanthropic support.

Arthur Buerk

“With Artie and Sue’s support of our entrepreneurship center – the Buerk Center – we’ll create more entrepreneurial leaders, and we’ll extend our reach through additional offerings to discover those young people who don’t yet realize they have entrepreneurial DNA,” James Jiambalvo, dean of the Foster School of Business, said in a press release.

UW’s program is nationally-recognized and received a top-10 ranking from Entrepreneur Magazine. It has awarded $1.3 million in seed funding to student-led companies, including NanoString, Contour, Gravity Payments, Cadence Biomedical, Impel NeuroPharma, JoeyBra, PatientStream, MicroGreen, etc.

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