# Corporate donation funds a professorship in the area of mathematics

As part of the hedge fund management company Brummer & Partners’ commitment to strengthening mathematics in the community, the company is funding a new professorship in mathematics with SEK 15.5 million.

This research grant allows KTH to create the professorship in mathematics with a focus on the analysis of complex data; a relatively new field in Sweden. The support from Brummer & Partners creates the basis for advancements in mathematics research in Sweden. Unconditional basic research is important for the development of mathematics in Sweden.

“There is insufficient funding in Sweden for basic mathematics research,” says Sandra Di Rocco, professor and department chair, KTH Department of Mathematics. “As a research and export nation Sweden will lag behind if more resources are not allocated towards research in mathematics. Other countries have already realised this and a British report from 2012 shows the economic benefit of basic research in mathematics” she says.

“We see it is as our shared responsibility to create the conditions for the future of research in mathematics in Sweden.”

The funding will be allocated over a period of at least five years and amounts to a total of SEK 15.5 million.

The SEK 15.5 million will provide a professorship at the Department of Mathematics and its scientific direction is entrusted to the academic leadership at KTH.