UC San Diego Annual Financial Report, 06–07

In 2007, Rady celebrated the opening of Otterson Hall. The new facility is named for the late William (Bill) Otterson, co-founder of UCSD CONNECT. Private funding for construction included a $30 million contribution from Ernest Rady and the Rady Family Foundation—the second largest philanthropic gift in the university’s history.

Otterson Hall was specifically designed to encourage Rady’s interaction with the campus and with the wider San Diego community. The facility, with 50,000 assignable square feet, has classrooms, conference rooms, and common areas for students, as well as faculty and staff offices. Designed with environmental sustainability in mind, the building has natural ventilation, energy-efficient lighting, and office chairs that are 98 percent recyclable. Solar panels will be installed on the roof.

OPENING THE DOORS TO SUCCESS

The Rady School of Management transforms innovators into global business leaders. The school gauges its impact in terms of discoveries brought to the marketplace, products launched, new service models established, and companies started or reinvented. Its M.B.A. curriculum emphasizes issues that are vital to the life sciences and technology sectors, both of which are key drivers for the San Diego economy.

In June 2007, the von Liebig Center for Entrepreneurism and Technology Advancement at the Jacobs School of Engineering awarded $50,000 to a team led by Rady M.B.A. student Aron Tremble. Code-named IGMA, the team’s technology is being developed within the computer science and engineering department at the Jacobs School to facilitate semantic search and discovery of music. The team will use the grant to build scalable commercial prototypes.

Rady M.B.A.s dominated the winners circle at last year’s UCSD $50,000 Entrepreneurship Competition, which recognized student teams with the best business plans. Omega Sensors, a technology start-up based in San Diego, won first place and $30,000. M.B.A. student Craig Braun, Omega’s vice president of sales and marketing, led his team to the win. The second-place finisher and winner of $10,000 was AlisTech, a San Diego-based oncology biotech venture led by M.B.A. students Nick Boyle, Brian Guzik, Vanee Pho, Mike Sitzmann, and Bill Warner.

Another acclaimed start-up was the Rady School itself. Just four years young, Rady was tapped by bizSanDiego as a top-ten finalist in the magazine’s Fast Growth 2007 awards.