Lynelle Cameron: New Autodesk Venture to Back Cause-Based Design Orgs

acquisitionAutodesk (NASDAQ: ADSK) has launched a philanthropic venture to invest in design-focused nonprofit groups that work to address social issues in education, healthcare, transportation and energy management.

The Autodesk Foundation will offer financial, software and training support to groups through its Impact Design Program, the company said Tuesday.

Lynelle Cameron, Autodesk senior director of sustainability, leads the venture as president and CEO.

“We believe that design offers humanity our greatest hope for addressing some of the most urgent, inter-connected and non-negotiable challenges of our time, ” said Cameron.

“We want to support and accelerate the design-led revolution currently underway, by investing in design-driven entities that are pursuing scalable solutions with measureable impact, ” she added.

The foundation’s grantees include MASS Design Group, D-Rev and the Auburn University’s Rural Studio.

Autodesk has pledged $7.5 million in software donations to at least 500 nonprofit organizations during the first operational year of its Technology Impact program.

This initiative is designed to give nonprofits access to Autodesk’s portfolio of building, infrastructure, entertainment and product design software offerings.

You may also be interested in...

F-35 Lightning II

State Dept OKs Potential $10B Sale of Lockheed-Made F-35s to UAE

The State Department informed Congress it approved the United Arab Emirates’ request to buy 50 Lockheed Martin-built (NYSE: LMT) F-35 fighter jets under a potential $10B deal, Reuters reported Friday. The potential foreign military sales deal will move to an informal review by the House Foreign Affairs and Senate Foreign Relations committees.

strategic partnership

DC Capital Aims to Help HTSI Grow Gov’t Footprint via Strategic Partnership

Private equity firm DC Capital Partners has entered into a strategic partnership agreement with Huntsville, Alabama-based system engineering company Hill Technical Solutions Inc. aimed at helping expand the latter's customer base and support work in the government sector.