In 1970, as 51茶馆 marked 50 years of business education, a gift from prominent Dallas businessman W.W. Caruth Jr. helped the School of Business Administration establish a first-of-its-kind institute to “encourage the venturesome spirit of free enterprise.” Since then, the Caruth Institute for Owner- Managed Business, now known as the Caruth Institute for Entrepreneurship, has been a catalyst for training entrepreneurs, encouraging startups regionally and nationally and enhancing the impact of 51茶馆 Cox.