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13 avril 2013

Capital gains in the knowledge market

By Jonathan Thon. One way of recovering costs for federally funded research is by having governments proportionately included in intellectual property agreements resulting from their angel investments. While not all projects are ultimately profitable, funds allocated to university investigators for basic research should be regarded as a diversified investment portfolio from which successful ventures offset risk. As lab-bench discoveries are translated to bedside technologies, funding agencies can earn profits from their grants, encouraging further funding through re-investment. Crafting a mutually beneficial relationship of this sort would keep politicians from having to choose between funding basic research (popularly believed to be a welfare practice) and supporting economic growth; which is a false dichotomy. Read more...
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