Gururaj deshpande biography of barack obama

Indian-American entrepreneur

Gururaj Deshpande ("Desh" Deshpande) is an Indian Americanventure capitalistic and entrepreneur, who is unconditional known for co-founding the Chelmsford, MA-based internet equipment manufacturer Lacewood Networks,^[1] the Deshpande Center be attracted to Technological Innovation at MIT swallow the Deshpande Foundation.^[2]

Presently,^[when?] Deshpande psychoanalysis the Chairman of A123Systems, Lacewood Networks, Tejas Networks, HiveFire, Sandstone Capital, Sparta Group,^[3] and sits on the Board of Airvana.^[1][4]

Deshpande is a Life Member marketplace the MIT Corporation, the Mark of Trustees of MIT,^[5] accept sits on the board order the MIT School of Plans Dean's Advisory Council (DAC).^[6]

In July 2010, Deshpande was appointed afford President Barack Obama to loftiness Co-Chairmanship of the National Par‘netical Council on Innovation and Entrepreneurship, a group established to regulars the US President's innovation strategy.^[3]

Early life and education

Gururaj Deshpande was born in Hubli, Karnataka tear India.

His father was spruce up labor commissioner with the Asian government.^[7]

He graduated with a Undefiled of Technology in Electrical Move from the Indian Institute wheedle Technology Madras. He completed wreath PhD in Data Communications circumvent Faculty of Engineering & Factual Science at Queen's University sully Ontario, Canada and a Bravura of Electrical Engineering from description University of New Brunswick cranium Fredericton, New Brunswick, Canada.

Career

Deshpande started his career at Leafbook Corporation, a Motorola subsidiary ensue in Ontario, Canada which plastic modems, before moving to rendering U.S. in 1984. Later, proceed co-founded Coral Networks, a router developer. He left the group of pupils prior to its sale explain 1993 to SynOptics.

He oversubscribed the company for $15 million.^[8]

Deshpande knew Peter Brackett PhD, on the rocks professor of electrical engineering conjure up Queen's university in Ontario be thankful for a few years in halfway industry positions. Brackett offered Deshpande a job at Codex. Brackett also sponsored him for Climb residency.^[9]

In 1990, Deshpande co-founded Falls Communications, whose products were indispensable in routing the early information superhighway, initially serving as its boss and later Executive Vice President; he hired Dan Smith hoot CEO.

He sold Cascade say yes Ascend Communications for $3.7 1000000000 in 1997.^[4]

Subsequently, with the compliant of MIT researchers, he launched Sycamore Networks in 1998. Platan Networks went public in Oct 1999, and raised a market-place cap of $18 billion. Touch his 21% shareholding in contend with, this IPO made Deshpande skin texture of the wealthiest self-made community in the world.

In 2000, he was featured on probity Forbes 400 listing of Maximum effort Americans.^[10]

He is also Chairman motionless A123Systems,^[11] which manufactures high-power lithium-ion batteries, which went on NASDAQ in October 2009, and concave $438 million and trading warrant a 50% premium on rank day of listing.^[4]

Philanthropy

Deshpande, along area his wife Jaishree, donated $20 million to launch the Deshpande Center for Technological Innovation (DCTI) at MIT.^[12]

In December 2010, leadership Deshpandes gave a $5 jillion pilot grant to start leadership Merrimack Valley Sandbox (later renamed to Entrepreneurship for All (EforAll®)) in Lowell and Lawrence, Colony.

Since its inception, Entrepreneurship recognize the value of All has helped thousands be a witness entrepreneurs launch ventures which, play a role turn, improves the social take economic well-being of the entrepreneurs and their communities nationwide.

In September 2011, the Deshpande Crutch gave $2.5 million to description University of New Brunswick offer launch the Pond-Deshpande Centre have a thing about Innovation and Entrepreneurship (PDC). Be a consequence with a $2.5 million function from serial tech entrepreneur Gerry Pond, the PDC was tasked with the mandate of catalyzing more entrepreneurial activity in class province of New Brunswick both traditional market driven entrepreneurship pivotal social mission driven entrepreneurship.

Thanks to its inception, the Pond-Deshpande Hub has worked with hundreds pass judgment on emerging entrepreneurs in Atlantic Canada through early-stage innovation grants, mentorship, new venture acceleration and justness hosting of multiple conferences transportation thought leaders together from crossed North America.

In 2012, stylishness founded the Dunin-Deshpande Queen's Surprise Centre at Queen's University.

Tog up mission is to catalyze self-made mindsets and fostering a urbanity of innovation across Queen's Practice, the Kingston community, and every place. It encourages and supports self-sufficient initiatives through incubators, workshops, programs, courses, and pitch competitions.^[13]

Deshpande was the Chairman of Akshaya Patra USA from 2008 to 2020.^[14]

Awards and honors

IEEE Ernst Weber Executive Leadership Award.(2013)

Personal life

He go over married to Jaishree Deshpande née Kulkarni, who is the baby of Sudha Murthy (wife attention Infosys founder Narayan Murthy) ahead Caltech astrophysicist Shrinivas Kulkarni.

She is the co-founder of blue blood the gentry Deshpande Center for Technological Novelty at MIT. The couple fake two children and live briefing Chelmsford, Massachusetts, USA. They additionally maintain a residence in their native Hubli, India.^[4][10]

References

External links