Colby College is launching a laboratory for cultivating entrepreneurs, and to help apply the lessons of entrepreneurship beyond business.

The private liberal arts school in Waterville said the Halloran Lab for Entrepreneurship will open next year, funded by the donation of a 1984 graduate, Todd Halloran. The amount of the gift was not disclosed.

Halloran, who also earned a degree from Harvard Business School, has spent most of his career investing in and working with business leaders, entrepreneurs and growing companies, the release said. He is currently a senior advisory partner at Freeman Spogli & Co., a private equity firm that partners with management in U.S.-based consumer-related growth businesses. Read more