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Simonyi Fund commitment benefits Ohio University College of Business programs with University of Pécs, Hungary

ATHENS, Ohio (Nov. 29, 2005) -- A recent $150,000 commitment by the Charles Simonyi Fund for Arts and Sciences will leverage the existing successful cooperation between the Ohio University College of Business and the University of Pécs to transfer global business and management models to Hungary.

The Simonyi Fund fosters "Access to Excellence." The gift will be used to utilize Ohio University's expertise in regional economic development to support initiatives in technology and science commercialization and entrepreneurship at the University of Pécs and within the southwestern Hungary region. Ohio University has achieved substantial success in providing additional talent, technology, and human and financial capital to the counties of Appalachian Ohio, an area very similar in rural character to that of southwest Hungary.

The fund's commitment also will strengthen existing cooperation with the goal of familiarizing Hungarian students and faculty with American business values and practices. These programs include joint faculty exchanges, numerous Pécs graduates receiving MBAs at Ohio University on the Athens campus, and annual summer collaborations with graduate and undergraduates from both institutions performing consulting assignments for local Pécs businesses.

Also planned is a unique "cluster" academic program, using a model pioneered by the College of Business, to be held at the University of Pécs. Cluster classes combine traditionally independent business disciplines into one class taught by a number of faculty. The students work in teams and solve authentic business problems, developing a deep understanding of consulting techniques, polishing presentation skills, and learning critical thinking and analysis all with a more global perspective.

The Ohio University College of Business provides a distinctive learning environment that actively engages students, faculty and the business community in developing the knowledge and skills needed for success in a complex, global economy.

The Charles Simonyi Fund for Arts and Sciences is a 501(c)(3) private foundation that distributes funds to worthy organizations that demonstrate excellence in the arts, sciences and education. The Fund was founded in 2004 by Charles Simonyi, an avid philanthropist and renowned computer software developer who was born in Budapest, Hungary, and who received an honorary doctorate from the University of Pécs in 2001.

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Media Contact: College of Business Director of External Relations Jack Barr, (740) 597-1434 or barrj1@ohio.edu

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