Commercialising university research

Ireland“Today I attended a meeting at which I was closely questioned by a businessman along the following lines. What, he wanted to know, had been the benefit to the country of the hundreds of millions invested in university research programmes? How many jobs had been created? How much taxation had been secured for the state? In fact, how much value (if any) was all this research generating? Not particularly waiting for my answers (which I think he felt could only be ‘nothing’ and ‘none’), he said the time had come for the government to stop funding this unaffordable luxury and give the money instead to the IDA (the foreign direct investment agency of the state) so that ‘real jobs’ could be created. I suspect that this is a beguiling argument for some, but it needs to be stopped dead in its tracks …” (more)

[Ferdinand von Prondzynski, University Blog, 1 April]

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