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Business education in Western Australia has received a boost with the announcement of a $150,000 donation from Mitsubishi Development Pty Ltd to The University of Western Australia's Business School.

At an official signing ceremony, Mitsubishi Development's Managing Director and CEO Mr Kirk Yamanaka said the company is planning to broaden Mitsubishi Development's scope of activity in WA and is grateful for the support from local business partners and the broader community.

"This sponsorship program gives a significant opportunity for Mitsubishi Development to promote its corporate presence through one of the prestigious world class business schools and we see this as one of our important corporate pillars of being a good corporate citizen." Mr Yamanaka said.

UWA Vice Chancellor, Professor Alan Robson, welcomed the donation and congratulated Mitsubishi Development on its forward thinking and commitment to teaching and learning.

"Today's partnership is another example of this spirit of cooperation - bringing together the strength of our University with the strength of one of Japan's leading resource groups, Mitsubishi Development and its Iron Ore division." Professor Robson said.

"This significant partnership will support the University and our Business School as we work to enhance our reputation as a world-class centre of excellence in business education and research."

Business School Dean Tracey Horton said the School's fundraising campaign had received immense support from the business community and individuals and was close to achieving a target of $25 million.

"Mitsubishi Development's contribution will enable us to provide benefits for students and expand the opportunities we offer the business community and support our objective to ensure WA is recognised as an international hub for the development of business and leadership skills," she said.

Mitsubishi Development is an Australian based mining company and a wholly owned subsidiary of Mitsubishi Corporation of Japan with extensive coal mining joint venture projects in NSW and QLD, and iron ore and uranium projects in WA.