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[[Image:McNairCenterLogo.png|right|150x150px]] The McNair Center for Entrepreneurship and Innovation was founded in June 2015 with a generous gift of $8m from the McNair Foundation. Mr. Robert McNair and Mrs. Janice McNair, along with Ambassador Djerejian, Rice University President Leebron, and Secretary James A. Baker attended the signing ceremony at Baker Hall. In August 2015, Dr. Edward J. Egan, formerly an assistant professor at Imperial College Business School, was appointed the center's first director.

<onlyinclude>The Baker Institute's [[About the McNair Center|McNair Center for Entrepreneurship and Innovation]] has a mandate to conduct policy-relevant research and advocate for entrepreneurs and innovators. The center develops academic papers intended for publication in peer-reviewed journals, as well as policy reports, issue briefs, white papers, Op. Eds., and blog articles. In this work the center develops our understanding of entrepreneurship and innovation as phenomena that create economic growth, and conveys this understanding to academics, policy-makers, and the public. The McNair Center also takes an active role in helping entrepreneurs and developing entrepreneurship ecosystems.</onlyinclude>