November 27, 2012

Entrepreneur’s legacy: Helping ideas grow

By UW Foundation

The Herbert B. Jones Foundation supports innovation at the Foster School of Business

Herb JonesAt age 13, Herbert B. Jones started his entrepreneurial career selling homemade fruit crates at the Pike Place Market. An eastern Washington native, he returned to Seattle to study maritime commerce at the UW and later found success selling machines. Nearly a century after his humble beginnings in business, Herb’s support for higher education has ushered in a new generation of plucky entrepreneurs.

For the past three years, the Herbert B. Jones Foundation has supported the Jones Milestones/Foster Accelerator program through the Foster School of Business. The program transitions students from the cocoon of the classroom into viable start-ups, with community advisors acting as mentors. At the end of the program, student teams are eligible to receive up to $25,000 to reinvest.

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Help student businesses grow and give to the
Jones Milestones/ Foster Accelerator fund.

“Although he passed away in 1998, Herb would be extremely pleased with his continued role in supporting education, stimulating and solidifying the growth of small business and entrepreneurs in our community,” says Mike Bauer, the foundation’s president. The Jones Foundation also funds the business development center at UW Bothell.

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