KYIV, May 5 - The Kyiv School of Economics (KSE) plans to invest $10 million in internal renovations of the recently acquired Golf Club in Kyiv's Obolon district purchased for $18 million to develop a campus that meets the standards of the world's leading universities, KSE President Tymofiy Mylovanov said.

"About $10 million will go into the interior reconstruction not the exterior. Everything needs to be gutted to make way for labs, amphitheaters, and makerspaces. Outfitting the campus with high-quality, modern educational features like those in top-tier universities will cost $10 million," Mylovanov told Interfax-Ukraine.

He noted that KSE sent a team to MIT (Massachusetts Institute of Technology) to study what a makerspace should be.

"It's a place where students have access to state-of-the-art robots, lasers, CNC machines anything needed to bring an idea to life and build a prototype. The facility must be fully equipped from projectors to classrooms and provide access to expensive software, even by university standards," he explained.

Mylovanov added that these makerspaces will also be open to students from other universities.

He recalled that KSE's first building on Shpaka Street in Kyiv cost $2.5 million, with another $2.5 million spent on renovations, which included a shelter, sleeping capsules, library shelving, AI-powered cameras for hybrid learning, security and fire systems, modern ventilation, batteries, and generators for blackouts.

KSE is a private university and research center founded in 1996. It operates as a non-profit organization registered in the United States. Since 2022, KSE's donors have provided over $150 million for humanitarian, defense, and educational initiatives, including the development of university infrastructure. (om/ez)