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In a generous move, Dr. Dre & Jimmy Iovine have given $70 million to University of Southern California for establishing a new academy that will help students break into the rapidly changing music industry. The formal announcement for the USC Jimmy Iovine and Andre Young Academy for Arts, Technology and the Business of Innovation is set to go down today. The academy will open with an inaugural 4 year program of 25 students in fall 2014.

The core curriculum will feature “arts and entrepreneurship; technology, design and marketability; concept and business platform; and creating a prototype. It aims to foster entrepreneurship that brings students’ entertainment, technology and business skills into play. Instruction will involve engineering, computer science, fine arts, graphic design, business and leadership training.”

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