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FOR IMMEDIATE RELEASE


Boyds' UT Campaign Gift Encourages Student Entrepreneurs

KNOXVILLE -- Randal Boyd is an entrepreneur, having founded Radio Systems Corp., the company that makes the underground electric fencing for pets.

Now, Boyd and his wife, Jenny, are encouraging a new generation of entrepreneurs.

The Boyds, of Knoxville, have given $1 million to establish the Randal D. Boyd Venture Fund for Student Entrepreneurs Endowment,  which will provide support for the Innovation and Entrepreneurship Center in the College of Business Administration at the University of Tennessee, Knoxville.

Their gift is part of the Campaign for Tennessee, a $1 billion fundraising effort that was officially launched on April 17 at the University of Tennessee, Knoxville.

The center will foster innovation and entrepreneurship by providing education, hands-on experience and leadership development to entrepreneurs, undergraduates and graduate students.

Boyd said communities sometimes devote too much of their energy to luring big companies to their towns.

"We need to put more emphasis on creating our own jobs. It all starts with an entrepreneur starting a company that creates jobs. That, in turn, creates wealth in the community that then supports education and other important services. The place to start building our future is by training our youth to become innovators and entrepreneurs," he said.

Boyd's company, Radio Systems Corp., is the maker of PetSafe, PetSafe Pro, Invisible Fence, SportDOG, Innotek, Guardian, Staywell and FenceMaster brands.

The Boyds have supported several animal-related projects around Knoxville.

They have contributed to the Knoxville Zoo and the Knoxville-Knox County Animal Shelter, and they hope to establish several dog parks in Knoxville. Their goal is to help make Knoxville the pet-friendliest community in the nation.

The Campaign for Tennessee -- the most ambitious effort in the university’s 214-year history -- places UT among the ranks of the nation’s largest public and private institutions that have sought this level of private support.

The campaign, which launched its silent phase in 2005, will secure private gifts that, in turn, will contribute substantially to the distinct, but linked, campuses comprised by the University of Tennessee system. Funds raised through the campaign will directly support the objectives of UT's strategic plan, as outlined by UT President John Petersen. Among those objectives are improved student access and success, research and economic development, outreach and globalization.

 

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 About The University of Tennessee College of Business Administration

The mission of the University of Tennessee College of Business Administration in Knoxville, Tennessee, is to provide innovative leadership in management research education and practice. The College consistently breaks new ground with both its scholarship and award-winning, integrated curriculum that is taught within its undergraduate, graduate and nationally recognized executive education programs. The College is fully accredited by AACSB International - The Association to Advance Collegiate Schools of Business. For more information about the University of Tennessee College of Business Administration, visit http://bus.utk.edu