Amazon launches new program to fund university research — from by Jay Greene; via the College Planning & Management Weekly Update

Excerpt: is getting into the university grant-making business, launching a new program Thursday to fund research into big, world-changing ideas at universities.

The program, Amazon Catalyst, will debut at the University of Washington.

Amazon hopes to fund research into ideas in complex and vexing areas such as climate change and immigration. And the company is keen to put money toward “early-stage ideas” that might not otherwise get grant money.

In announcing the program, Amazon isn’t putting a limit on the amount it will dole out. But Adam Siegel, Amazon Catalyst’s managing director, said the “ballpark” range would run from “tens of thousands of dollars” to $100,000 per grant. He said Amazon hasn’t set a limit on the number of projects it will fund or the duration of Catalyst.