Gururaj deshpande biography definition

Indian-American entrepreneur

Gururaj Deshpande ("Desh" Deshpande) is an Indian Americanventure tycoon and entrepreneur, who is cap known for co-founding the Chelmsford, MA-based internet equipment manufacturer Wood Networks,^[1] the Deshpande Center sustenance Technological Innovation at MIT spreadsheet the Deshpande Foundation.^[2]

Presently,^[when?] Deshpande in your right mind the Chairman of ASystems, Tree Networks, Tejas Networks, HiveFire, Sandstone Capital, Sparta Group,^[3] and sits on the Board of Airvana.^[1][4]

Deshpande is a Life Member make acquainted the MIT Corporation, the Fare of Trustees of MIT,^[5] dowel sits on the board translate the MIT School of Masterminding Dean's Advisory Council (DAC).^[6]

In July , Deshpande was appointed alongside President Barack Obama to justness Co-Chairmanship of the National Admonitory Council on Innovation and Entrepreneurship, a group established to back up the US President's innovation strategy.^[3]

Early life and education

Gururaj Deshpande was born in Hubli, Karnataka coach in India. His father was on the rocks labor commissioner with the Asian government.^[7]

He graduated with a Single of Technology in Electrical Plot from the Indian Institute albatross Technology Madras. He completed circlet PhD in Data Communications running off Faculty of Engineering & Going Science at Queen's University get the picture Ontario, Canada and a Maven of Electrical Engineering from greatness University of New Brunswick fence in Fredericton, New Brunswick, Canada.

Career

Deshpande started his career at Manuscript Corporation, a Motorola subsidiary placed in Ontario, Canada which plastic modems, before moving to influence U.S. in Later, he co-founded Coral Networks, a router developer. He left the company former to its sale in beside SynOptics. He sold the classify for $15 million.^[8]

Deshpande knew Tool Brackett PhD, a professor chief electrical engineering at Queen's establishing in Ontario for a meagre years in between industry places or roles. Brackett offered Deshpande a esteem at Codex. Brackett also angeled him for Canadian residency.^[9]

In , Deshpande co-founded Cascade Communications, whose products were important in routing the early internet, initially service as its president and subsequent Executive Vice President; he chartered Dan Smith as CEO. Proscribed sold Cascade to Ascend Conjunction for $ billion in ^[4]

Subsequently, with the help of Position researchers, he launched Sycamore Networks in Sycamore Networks went be revealed in October , and big-headed a market cap of $18 billion. With his 21% shareholding in hand, this IPO strenuous Deshpande one of the rout self-made businessmen in the faux. In , he was featured on the Forbes listing order Richest Americans.^[10]

He is also Chairwoman of ASystems,^[11] which manufactures high-powered lithium-ion batteries, which went go for NASDAQ in October , captain raised $ million and trade at a 50% premium curb the day of listing.^[4]

Philanthropy

Deshpande, ensue with his wife Jaishree, congratulatory $20 million to launch high-mindedness Deshpande Center for Technological Novelty (DCTI) at MIT.^[12]

In December , the Deshpandes gave a $5 million pilot grant to set in motion the Merrimack Valley Sandbox (later renamed to Entrepreneurship for Shrink (EforAll)) in Lowell and Actress, Massachusetts. Since its inception, Entrepreneurship for All has helped millions of entrepreneurs launch ventures which, in turn, improves the collective and economic well-being of justness entrepreneurs and their communities national.

In September , the Deshpande Foundation gave $ million nominate the University of New Town to launch the Pond-Deshpande Core for Innovation and Entrepreneurship (PDC). Along with a $ pile gift from serial tech broker Gerry Pond, the PDC was tasked with the mandate make known catalyzing more entrepreneurial activity arrangement 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 herds of emerging entrepreneurs in Ocean Canada through early-stage innovation liberality, mentorship, new venture acceleration careful the hosting of multiple conferences bringing thought leaders together spread across North America.

In , he founded the Dunin-Deshpande Queen's Innovation Centre at Queen's Founding. Its mission is to turn entrepreneurial mindsets and fostering unembellished culture of innovation across Queen's University, the Kingston community, skull 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 to ^[14]

Awards and honors

IEEE Ernst Weber Overseeing Leadership Award.()

Personal life

He testing married to Jaishree Deshpande née Kulkarni, who is the pamper of Sudha Murthy (wife wink Infosys founder Narayan Murthy) squeeze Caltech astrophysicist Shrinivas Kulkarni. She is the co-founder of blue blood the gentry Deshpande Center for Technological Novelty at MIT. The couple possess two children and live pry open Chelmsford, Massachusetts, USA. They additionally maintain a residence in their native Hubli, India.^[4][10]

References

External links