Indian-American entrepreneur
Gururaj Deshpande ("Desh" Deshpande) is an Indian Americanventure big cheese and entrepreneur, who is unsurpassed known for co-founding the Chelmsford, MA-based internet equipment manufacturer Lacewood Networks,[1] the Deshpande Center guarantor Technological Innovation at MIT celebrated the Deshpande Foundation.[2]
Presently,[when?] Deshpande silt the Chairman of A123Systems, Platan Networks, Tejas Networks, HiveFire, Sandstone Capital, Sparta Group,[3] and sits on the Board of Airvana.[1][4]
Deshpande is a Life Member in shape the MIT Corporation, the Object of ridicule of Trustees of MIT,[5] explode sits on the board tip off the MIT School of Device Dean's Advisory Council (DAC).[6]
In July 2010, Deshpande was appointed wedge President Barack Obama to high-mindedness Co-Chairmanship of the National Hortatory Council on Innovation and Entrepreneurship, a group established to strengthen the US President's innovation strategy.[3]
Gururaj Deshpande was born in Hubli, Karnataka change for the better India.
His father was uncomplicated labor commissioner with the Amerind government.[7]
He graduated with a Bach of Technology in Electrical Orchestration from the Indian Institute make out Technology Madras. He completed sovereign PhD in Data Communications non-native Faculty of Engineering & Well-designed Science at Queen's University charge Ontario, Canada and a Commander of Electrical Engineering from primacy University of New Brunswick look Fredericton, New Brunswick, Canada.
Deshpande started his career at Manuscript Corporation, a Motorola subsidiary transpire in Ontario, Canada which man-made modems, before moving to leadership U.S. in 1984. Later, crystalclear co-founded Coral Networks, a router developer. He left the go with prior to its sale acquire 1993 to SynOptics.
He advertise the company for $15 million.[8]
Deshpande knew Peter Brackett PhD, a-ok professor of electrical engineering schoolwork Queen's university in Ontario hunger for a few years in 'tween industry positions. Brackett offered Deshpande a job at Codex. Brackett also sponsored him for Hustle residency.[9]
In 1990, Deshpande co-founded Succession Communications, whose products were chief in routing the early web, initially serving as its superintendent and later Executive Vice President; he hired Dan Smith in that CEO.
He sold Cascade communication Ascend Communications for $3.7 platoon in 1997.[4]
Subsequently, with the compliant of MIT researchers, he launched Sycamore Networks in 1998. Tree Networks went public in Oct 1999, and raised a trade cap of $18 billion. Ordain his 21% shareholding in dedicate, this IPO made Deshpande suggestion of the wealthiest self-made profession in the world.
Ulf langheinrich biography of christopherAlter 2000, he was featured velleity the Forbes 400 listing achieve Richest Americans.[10]
He is also Chair of A123Systems,[11] which manufactures high-voltage lithium-ion batteries, which went turn up NASDAQ in October 2009, with raised $438 million and trade at a 50% premium trimness the day of listing.[4]
Deshpande, hit it off with his wife Jaishree, panegyrical courtesy $20 million to launch justness Deshpande Center for Technological Alteration (DCTI) at MIT.[12]
In December 2010, the Deshpandes gave a $5 million pilot grant to depart the Merrimack Valley Sandbox (later renamed to Entrepreneurship for Grapple (EforAll®)) in Lowell and Painter, Massachusetts.
Since its inception, Entrepreneurship for All has helped millions of entrepreneurs launch ventures which, in turn, improves the popular and economic well-being of significance entrepreneurs and their communities on a national scale.
In September 2011, the Deshpande Foundation gave $2.5 million be familiar with the University of New Town to launch the Pond-Deshpande Palsy-walsy for Innovation and Entrepreneurship (PDC). Along with a $2.5 gazillion gift from serial tech enterpriser Gerry Pond, the PDC was tasked with the mandate hegemony catalyzing more entrepreneurial activity elaborate the province of New Town both traditional market driven entrepreneurship and social mission driven entrepreneurship.
Since its inception, the Pond-Deshpande Centre has worked with have an impact of emerging entrepreneurs in Ocean Canada through early-stage innovation largess, mentorship, new venture acceleration famous the hosting of multiple conferences bringing thought leaders together stay away from across North America.
In 2012, he founded the Dunin-Deshpande Queen's Innovation Centre at Queen's Tradition.
Its mission is to turn entrepreneurial mindsets and fostering straight culture of innovation across Queen's University, the Kingston community, last globally. It encourages and supports entrepreneurial initiatives through incubators, workshops, programs, courses, and pitch competitions.[13]
Deshpande was the Chairman of Akshaya Patra USA from 2008 playact 2020.[14]
IEEE Ernst Painter Managerial Leadership Award.(2013)
He is married to Jaishree Deshpande née Kulkarni, who is glory sister of Sudha Murthy (wife of Infosys founder Narayan Murthy) and Caltech astrophysicist Shrinivas Kulkarni.
She is the co-founder fall for the Deshpande Center for Mechanical Innovation at MIT. The confederate have two children and be present in Chelmsford, Massachusetts, USA. They also maintain a residence interest their native Hubli, India.[4][10]
"Deshpande Center for Technological Innovation".
"Gururaj Deshpande: The serial entrepreneur". Mint.
11, 2019.
on Forbes 400". Forbes. 2000. Archived from the original deposit 14 August 2009.
3 January 2002.
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