Oculus CEO Donating $31 Million to University of Maryland

Over the past few months Oculus Rift virtual reality (VR) head-mounted display (HMD) creator Oculus VR has teased that it will start interacting with schools and universities on a widespread scale, hosting talks and workshops on designing for its device and more. While we’re yet to see the company kick start those plans, its CEO is to make a huge contribution of $31 million USD to the university he attended from 1996 to 1997, the University of Maryland.


This marks the largest donation in the history of the university and will be used to build a new computer science building that will contain a VR lab. According to Business Insider, Iribe had the idea for the donation following Facebook’s $2 billion acquisition of Oculus VR earlier in the year. When visiting the social networking giant’s CEO, Mark Zuckerberg, Iribe took a tour around his old university campus and found that little had changed.

It was here that Iribe met Michael Antonov, who now operates as chief software architect for Oculus VR. Antonov himself is donating $4 million to the university to aid the building and establish a scholarship. The finished building will be named the Brendan Iribe Center for Computer Science and Innovation.

“It will have a big focus on robotics and computer vision, computer graphics, and human computer interaction,” Iribe told Business Insider. “In the past, computers have been used regularly as a tool, so you don’t need to bring in psychologists or the biotech side of things to understand how the computer affects the brain in order to make a great operating system. But in VR, you actually do.”

It’s not yet clear when the building might be complete. VRFocus will continue to follow any and all news surrounding Oculus VR going forward, bringing you the latest.