Sep. 25, 2013

First endowed professor joins School of Business

Dahl, VanArsdale and Albers

President Christopher C. Dahl, left, Charles L. "Bud" VanArsdale and Judith J. Albers, the Charles L. "Bud" VanArsdale Endowed Chair for Entrepreneurship. /PHOTO BY KEITH WALTERS '11

Charles L. "Bud" VanArsdale always believed in Geneseo's contributions to the region. Through his historic $2.5 million gift to the college, faculty will pay that forward with emphasis on growing business. Judith J. Albers was recently appointed to Geneseo's first endowed professorship in the college's 142-year history, the Charles L. "Bud" VanArsdale Endowed Chair for Entrepreneurship.

Albers is an authority on entrepreneurial training with specific expertise in commercialization of university-based research. She is co-founder and managing partner of Networks LLC, a training company best known as the managing umbrella organization for the Pre-Seed Workshop, which she co-founded and co-facilitates. The Pre-Seed workshop is a two-and-half-day "build-a-company" event that rallies community talent and resources to investigate and transform technologies with commercial potential into pre-seed-stage companies.

Previously, Albers was chief operating officer of Excell Partners, a state-supported, fund providing, pre-seed and seed-stage financing to high-tech start-up companies in the Upstate New York. Albers studied chemistry and earned a doctorate from Brandeis University and her bachelor's degree from Duke University. She conducted post-doctoral work at Princeton University.

"The appointment of Judith Albers to the college's first endowed chair couldn't come at a better time," said President Christopher C. Dahl. "New York state is mobilizing its colleges and universities as never before to help stimulate the state's economy, and entrepreneurship will be a key element in the recovery. Judy's experience as an entrepreneur herself, combined with her solid academic background, will make this professorship highly visible and beneficial to New York and will accentuate the distinguished level of scholarship our students enjoy. We are enormously grateful to Bud VanArsdale for making this possible."

VanArsdale is a former president of the Bank of Castile and served as of the college's Small Business Development Center. He and his late wife, Marjorie, have a long history of philanthropic support for Geneseo, including funding the Charles and Marjorie VanArsdale Scholarship for International Studies in 1999. In 2008, the college awarded him an honorary doctorate of humane letters degree for his life's work in economic development and service to others.