Following a recent renovation that doubled the size of the McMillon Innovation Studio at the University of Arkansas, Fayetteville, the innovation hub has received a $10 million commitment to establish the McMillon Innovation Studio Endowed Fund and the McMillon Innovation Studio Construction Fund, the university announced Monday.

The McMillon Innovation Studio Endowed Fund will permanently support the studio's operations, while the McMillon Innovation Studio Construction Fund will provide funding for a new home for the studio -- currently located on North Harmon Avenue -- that will create engagement opportunities for more students in the future, according to the university. The gift from Doug McMillon, president and CEO of Walmart, and his wife, Shelley, continues their long support of th

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