Chalmers was founded in 1829. The university is named after the major benefactor, William Chalmers, one of the directors of the successful Swedish East India Company in Göteborg.
William Chalmers (1748-1811) had created a greater wealth from his work within the Swedish East India Company during the late 1700's. Influenced by Pehr Dubb he then bequeathed all his estate to the Sahlgrenska Hospital in Gothenburg and to the creation of a handicraft school for poor children who learned to read and write. "Chalmersska Slöjdeskolan", which opened in Gothenburg, November 5, 1829, and became the beginning of Chalmers University of Technology.