A $2 million gift from Australian philanthropist Barry Lambert, a former banker who’s currently the chairman of hemp tech company Ecofibre, will help Thomas Jefferson University establish an investment fund aimed at industrial hemp.

The contribution from Lambert and his wife, Joy, will set up the Lambert Innovation Fund within Jefferson’s Innovation Pillar, a push to invest in industrial cannabis companies from the Jefferson community.

“Barry Lambert likes to say that solving big problems requires courage and big ideas — that’s what this catalyst gift is all about,” said Stephen Klasko, president of Thomas Jefferson University and CEO of Jefferson Health. “The Lambert Innovation Fund will enable us to link ideas to impact.”

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