RE: Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
(09-03-2020 11:27 PM)AlonsoWDC Wrote:
(09-03-2020 10:58 PM)pkptigers07 Wrote:
(09-03-2020 05:27 PM)geosnooker2000 Wrote: Taking the fact that this is our alma matre out of it, $600M is an asinine amount money to be corralling out of the economy for use in higher education. I mean, we gotta do it to keep up with the Joneses, but all this inevitably does is raise the price of college tuition. It "feeds the beast" so to speak.
How much is truly coming out of the economy though? Probably not much of the $300 million in sponsored research. Your guess is as good as mine on the philanthropic gifts. If Fred Smith gives a hefty donation is that really money he would otherwise be spending on buying stuff that propels the economy? Or is he just selling off some FedEx shares?
Fair points.
There is no denying what pkp and others said in response is correct. I am a doofus....
I can't formulate into words what I mean about this subject. I know it as a feeling, but no specifics. There is something unseemly about building our Universities up to the point they are being built up, but I can't quantify it right now. But just word-association on it:
Power (as in, too much)
Monopoly
Unwieldy
Momentum
Inertia
Indoctrination
With each passing year, we simultaneously make a college education more required... and more unaffordable.
RE: Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
(09-03-2020 05:27 PM)geosnooker2000 Wrote: Taking the fact that this is our alma matre out of it, $600M is an asinine amount money to be corralling out of the economy for use in higher education. I mean, we gotta do it to keep up with the Joneses, but all this inevitably does is raise the price of college tuition. It "feeds the beast" so to speak.
Our graduate programs in areas like Computer Science are completely insufficient to support the employment goals of our F500 companies. If we are going to compete with the likes of Amazon, we need more students with graduate level education in Computer Science.
As a graduate of Georgia Tech and Memphis, I have seen what a well funded research institution can do for a local economy. Memphis needs a Georgia Tech level institution if we are going to compete.
RE: Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
(09-04-2020 09:38 AM)FlyingTiger2016 Wrote:
(09-03-2020 05:27 PM)geosnooker2000 Wrote: Taking the fact that this is our alma matre out of it, $600M is an asinine amount money to be corralling out of the economy for use in higher education. I mean, we gotta do it to keep up with the Joneses, but all this inevitably does is raise the price of college tuition. It "feeds the beast" so to speak.
Our graduate programs in areas like Computer Science are completely insufficient to support the employment goals of our F500 companies. If we are going to compete with the likes of Amazon, we need more students with graduate level education in Computer Science.
As a graduate of Georgia Tech and Memphis, I have seen what a well funded research institution can do for a local economy. Memphis needs a Georgia Tech level institution if we are going to compete.
Your statement is ludicrous.
Oh, well, thank you!
Incidentally, my son graduated with an undergrad degree from UofM in computer science in 2014. He got a very good internship straight out of college, and now has a very good job at a local software company as a programmer.
So, as per usual, we see that an education is more about how a student responds to the teaching in stead of how it is taught. Or how expensive, lavish, and large the buildings are in which they are taught.
And quite frankly, if you can't learn all you need to know about computer programming in 4 years, you are not going to in 6. GRADUATE DEGREES are what is ludicrous. You shouldn't need a graduate degree for anything except Medical, Architectural/Engineering, and Legal. The reason you NEED graduate degrees these days is because 18 year old adults come out of high school still needing to attend classes on freaking GRAMMAR. Basic ALGEBRA. How to READ. So a full quarter of their college experience is spent leaning what they already should know.
(This post was last modified: 09-04-2020 10:04 AM by geosnooker2000.)
Thank you for sharing. I listened to the audio, but no details were shared about the campaign. I believed they referenced and internal presentation. Any ideas if/when that will be public? $600M will be transformative for the UofM. Also, the speaker referenced utilization for research - academia - athletics.
I haven't gone through these materials, but here's the finance materials for this week's meeting:
RE: Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
(09-04-2020 10:03 AM)geosnooker2000 Wrote:
(09-04-2020 09:38 AM)FlyingTiger2016 Wrote:
(09-03-2020 05:27 PM)geosnooker2000 Wrote: Taking the fact that this is our alma matre out of it, $600M is an asinine amount money to be corralling out of the economy for use in higher education. I mean, we gotta do it to keep up with the Joneses, but all this inevitably does is raise the price of college tuition. It "feeds the beast" so to speak.
Our graduate programs in areas like Computer Science are completely insufficient to support the employment goals of our F500 companies. If we are going to compete with the likes of Amazon, we need more students with graduate level education in Computer Science.
As a graduate of Georgia Tech and Memphis, I have seen what a well funded research institution can do for a local economy. Memphis needs a Georgia Tech level institution if we are going to compete.
Your statement is ludicrous.
Oh, well, thank you!
Incidentally, my son graduated with an undergrad degree from UofM in computer science in 2014. He got a very good internship straight out of college, and now has a very good job at a local software company as a programmer.
So, as per usual, we see that an education is more about how a student responds to the teaching in stead of how it is taught. Or how expensive, lavish, and large the buildings are in which they are taught.
And quite frankly, if you can't learn all you need to know about computer programming in 4 years, you are not going to in 6. GRADUATE DEGREES are what is ludicrous. You shouldn't need a graduate degree for anything except Medical, Architectural/Engineering, and Legal. The reason you NEED graduate degrees these days is because 18 year old adults come out of high school still needing to attend classes on freaking GRAMMAR. Basic ALGEBRA. How to READ. So a full quarter of their college experience is spent leaning what they already should know.
Quote:And quite frankly, if you can't learn all you need to know about computer programming in 4 years, you are not going to in 6.
Ask your son if there's anymore he would want to learn about computer graphics, machine learning, reinforcement learning, computability, complexity, bioinformatics, compilers, quantum computing.
Buy him a copy of Quantum Computing since Democritus. Ask him if he understands all of it.
There's far more to being a computer scientist than creating CRUD apps. Yeah, you can teach yourself the basics of programming in a few years and make a damn good career out of it. But there's so much more you can learn.
(This post was last modified: 09-04-2020 03:37 PM by FlyingTiger2016.)
RE: Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
(09-04-2020 03:37 PM)FlyingTiger2016 Wrote:
(09-04-2020 10:03 AM)geosnooker2000 Wrote:
(09-04-2020 09:38 AM)FlyingTiger2016 Wrote:
(09-03-2020 05:27 PM)geosnooker2000 Wrote: Taking the fact that this is our alma matre out of it, $600M is an asinine amount money to be corralling out of the economy for use in higher education. I mean, we gotta do it to keep up with the Joneses, but all this inevitably does is raise the price of college tuition. It "feeds the beast" so to speak.
Our graduate programs in areas like Computer Science are completely insufficient to support the employment goals of our F500 companies. If we are going to compete with the likes of Amazon, we need more students with graduate level education in Computer Science.
As a graduate of Georgia Tech and Memphis, I have seen what a well funded research institution can do for a local economy. Memphis needs a Georgia Tech level institution if we are going to compete.
Your statement is ludicrous.
Oh, well, thank you!
Incidentally, my son graduated with an undergrad degree from UofM in computer science in 2014. He got a very good internship straight out of college, and now has a very good job at a local software company as a programmer.
So, as per usual, we see that an education is more about how a student responds to the teaching in stead of how it is taught. Or how expensive, lavish, and large the buildings are in which they are taught.
And quite frankly, if you can't learn all you need to know about computer programming in 4 years, you are not going to in 6. GRADUATE DEGREES are what is ludicrous. You shouldn't need a graduate degree for anything except Medical, Architectural/Engineering, and Legal. The reason you NEED graduate degrees these days is because 18 year old adults come out of high school still needing to attend classes on freaking GRAMMAR. Basic ALGEBRA. How to READ. So a full quarter of their college experience is spent leaning what they already should know.
Quote:And quite frankly, if you can't learn all you need to know about computer programming in 4 years, you are not going to in 6.
Ask your son if there's anymore he would want to learn about computer graphics, machine learning, reinforcement learning, computability, complexity, bioinformatics, compilers, quantum computing.
Buy him a copy of Quantum Computing since Democritus. Ask him if he understands all of it.
There's far more to being a computer scientist than creating CRUD apps. Yeah, you can teach yourself the basics of programming in a few years and make a damn good career out of it. But there's so much more you can learn.
I have always heard that the value of college is not in what you learn necessarily (especially for a heavy Computer Science degree), but that you are learning how to learn. A good IT person continues learning until they are dead... It can't stop after formal schooling.
RE: Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
(09-04-2020 03:49 PM)aardWolf Wrote:
(09-04-2020 03:37 PM)FlyingTiger2016 Wrote:
(09-04-2020 10:03 AM)geosnooker2000 Wrote:
(09-04-2020 09:38 AM)FlyingTiger2016 Wrote:
(09-03-2020 05:27 PM)geosnooker2000 Wrote: Taking the fact that this is our alma matre out of it, $600M is an asinine amount money to be corralling out of the economy for use in higher education. I mean, we gotta do it to keep up with the Joneses, but all this inevitably does is raise the price of college tuition. It "feeds the beast" so to speak.
Our graduate programs in areas like Computer Science are completely insufficient to support the employment goals of our F500 companies. If we are going to compete with the likes of Amazon, we need more students with graduate level education in Computer Science.
As a graduate of Georgia Tech and Memphis, I have seen what a well funded research institution can do for a local economy. Memphis needs a Georgia Tech level institution if we are going to compete.
Your statement is ludicrous.
Oh, well, thank you!
Incidentally, my son graduated with an undergrad degree from UofM in computer science in 2014. He got a very good internship straight out of college, and now has a very good job at a local software company as a programmer.
So, as per usual, we see that an education is more about how a student responds to the teaching in stead of how it is taught. Or how expensive, lavish, and large the buildings are in which they are taught.
And quite frankly, if you can't learn all you need to know about computer programming in 4 years, you are not going to in 6. GRADUATE DEGREES are what is ludicrous. You shouldn't need a graduate degree for anything except Medical, Architectural/Engineering, and Legal. The reason you NEED graduate degrees these days is because 18 year old adults come out of high school still needing to attend classes on freaking GRAMMAR. Basic ALGEBRA. How to READ. So a full quarter of their college experience is spent leaning what they already should know.
Quote:And quite frankly, if you can't learn all you need to know about computer programming in 4 years, you are not going to in 6.
Ask your son if there's anymore he would want to learn about computer graphics, machine learning, reinforcement learning, computability, complexity, bioinformatics, compilers, quantum computing.
Buy him a copy of Quantum Computing since Democritus. Ask him if he understands all of it.
There's far more to being a computer scientist than creating CRUD apps. Yeah, you can teach yourself the basics of programming in a few years and make a damn good career out of it. But there's so much more you can learn.
I have always heard that the value of college is not in what you learn necessarily (especially for a heavy Computer Science degree), but that you are learning how to learn. A good IT person continues learning until they are dead... It can't stop after formal schooling.
Geez, I hope we all continue to learn until we can't anymore, IT major or not
RE: Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
(09-04-2020 04:02 PM)k2tigers Wrote:
(09-04-2020 03:49 PM)aardWolf Wrote:
(09-04-2020 03:37 PM)FlyingTiger2016 Wrote:
(09-04-2020 10:03 AM)geosnooker2000 Wrote:
(09-04-2020 09:38 AM)FlyingTiger2016 Wrote: Our graduate programs in areas like Computer Science are completely insufficient to support the employment goals of our F500 companies. If we are going to compete with the likes of Amazon, we need more students with graduate level education in Computer Science.
As a graduate of Georgia Tech and Memphis, I have seen what a well funded research institution can do for a local economy. Memphis needs a Georgia Tech level institution if we are going to compete.
Your statement is ludicrous.
Oh, well, thank you!
Incidentally, my son graduated with an undergrad degree from UofM in computer science in 2014. He got a very good internship straight out of college, and now has a very good job at a local software company as a programmer.
So, as per usual, we see that an education is more about how a student responds to the teaching in stead of how it is taught. Or how expensive, lavish, and large the buildings are in which they are taught.
And quite frankly, if you can't learn all you need to know about computer programming in 4 years, you are not going to in 6. GRADUATE DEGREES are what is ludicrous. You shouldn't need a graduate degree for anything except Medical, Architectural/Engineering, and Legal. The reason you NEED graduate degrees these days is because 18 year old adults come out of high school still needing to attend classes on freaking GRAMMAR. Basic ALGEBRA. How to READ. So a full quarter of their college experience is spent leaning what they already should know.
Quote:And quite frankly, if you can't learn all you need to know about computer programming in 4 years, you are not going to in 6.
Ask your son if there's anymore he would want to learn about computer graphics, machine learning, reinforcement learning, computability, complexity, bioinformatics, compilers, quantum computing.
Buy him a copy of Quantum Computing since Democritus. Ask him if he understands all of it.
There's far more to being a computer scientist than creating CRUD apps. Yeah, you can teach yourself the basics of programming in a few years and make a damn good career out of it. But there's so much more you can learn.
I have always heard that the value of college is not in what you learn necessarily (especially for a heavy Computer Science degree), but that you are learning how to learn. A good IT person continues learning until they are dead... It can't stop after formal schooling.
Geez, I hope we all continue to learn until we can't anymore, IT major or not
Naw, it's much like most other fields. You really don't learn about the real job until get there. College is all about how to please multiple professors at the same.
Incidentally, my son graduated with an undergrad degree from UofM in computer science in 2014. He got a very good internship straight out of college, and now has a very good job at a local software company as a programmer.
So, as per usual, we see that an education is more about how a student responds to the teaching in stead of how it is taught. Or how expensive, lavish, and large the buildings are in which they are taught.
And quite frankly, if you can't learn all you need to know about computer programming in 4 years, you are not going to in 6. GRADUATE DEGREES are what is ludicrous. You shouldn't need a graduate degree for anything except Medical, Architectural/Engineering, and Legal. The reason you NEED graduate degrees these days is because 18 year old adults come out of high school still needing to attend classes on freaking GRAMMAR. Basic ALGEBRA. How to READ. So a full quarter of their college experience is spent leaning what they already should know.
Quote:And quite frankly, if you can't learn all you need to know about computer programming in 4 years, you are not going to in 6.
Ask your son if there's anymore he would want to learn about computer graphics, machine learning, reinforcement learning, computability, complexity, bioinformatics, compilers, quantum computing.
Buy him a copy of Quantum Computing since Democritus. Ask him if he understands all of it.
There's far more to being a computer scientist than creating CRUD apps. Yeah, you can teach yourself the basics of programming in a few years and make a damn good career out of it. But there's so much more you can learn.
I have always heard that the value of college is not in what you learn necessarily (especially for a heavy Computer Science degree), but that you are learning how to learn. A good IT person continues learning until they are dead... It can't stop after formal schooling.
Geez, I hope we all continue to learn until we can't anymore, IT major or not
Naw, it's much like most other fields. You really don't learn about the real job until get there. College is all about how to please multiple professors at the same.
Ehh.. if thats what you took away from college, you definitely didnt get your monies' worth.
RE: Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
I distinctly remember at my first post-college engineering job that a grizzled veteran told me that all the engineering degree meant was that I was trainable. I took it to heart and always tried to learn something to take with me at every job I had for the next 40 years. Been retired 6 months now and can't remember hardly any of it....
RE: Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
(09-04-2020 10:15 PM)former guest Wrote: I distinctly remember at my first post-college engineering job that a grizzled veteran told me that all the engineering degree meant was that I was trainable. I took it to heart and always tried to learn something to take with me at every job I had for the next 40 years. Been retired 6 months now and can't remember hardly any of it....
Exactly. I went back to Architecture School @ the age of 42 (2010) and I learned a lot. None of which is useful as a fresh intern. I will say, each field is different in that regard.
(This post was last modified: 09-05-2020 09:09 AM by geosnooker2000.)
Incidentally, my son graduated with an undergrad degree from UofM in computer science in 2014. He got a very good internship straight out of college, and now has a very good job at a local software company as a programmer.
So, as per usual, we see that an education is more about how a student responds to the teaching in stead of how it is taught. Or how expensive, lavish, and large the buildings are in which they are taught.
And quite frankly, if you can't learn all you need to know about computer programming in 4 years, you are not going to in 6. GRADUATE DEGREES are what is ludicrous. You shouldn't need a graduate degree for anything except Medical, Architectural/Engineering, and Legal. The reason you NEED graduate degrees these days is because 18 year old adults come out of high school still needing to attend classes on freaking GRAMMAR. Basic ALGEBRA. How to READ. So a full quarter of their college experience is spent leaning what they already should know.
Quote:And quite frankly, if you can't learn all you need to know about computer programming in 4 years, you are not going to in 6.
Ask your son if there's anymore he would want to learn about computer graphics, machine learning, reinforcement learning, computability, complexity, bioinformatics, compilers, quantum computing.
Buy him a copy of Quantum Computing since Democritus. Ask him if he understands all of it.
There's far more to being a computer scientist than creating CRUD apps. Yeah, you can teach yourself the basics of programming in a few years and make a damn good career out of it. But there's so much more you can learn.
I have always heard that the value of college is not in what you learn necessarily (especially for a heavy Computer Science degree), but that you are learning how to learn. A good IT person continues learning until they are dead... It can't stop after formal schooling.
Geez, I hope we all continue to learn until we can't anymore, IT major or not
Naw, it's much like most other fields. You really don't learn about the real job until get there. College is all about how to please multiple professors at the same.
RE: Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
(09-05-2020 01:19 PM)AlonsoWDC Wrote:
(09-04-2020 07:11 PM)geosnooker2000 Wrote:
(09-04-2020 04:02 PM)k2tigers Wrote:
(09-04-2020 03:49 PM)aardWolf Wrote:
(09-04-2020 03:37 PM)FlyingTiger2016 Wrote: Ask your son if there's anymore he would want to learn about computer graphics, machine learning, reinforcement learning, computability, complexity, bioinformatics, compilers, quantum computing.
Buy him a copy of Quantum Computing since Democritus. Ask him if he understands all of it.
There's far more to being a computer scientist than creating CRUD apps. Yeah, you can teach yourself the basics of programming in a few years and make a damn good career out of it. But there's so much more you can learn.
I have always heard that the value of college is not in what you learn necessarily (especially for a heavy Computer Science degree), but that you are learning how to learn. A good IT person continues learning until they are dead... It can't stop after formal schooling.
Geez, I hope we all continue to learn until we can't anymore, IT major or not
Naw, it's much like most other fields. You really don't learn about the real job until get there. College is all about how to please multiple professors at the same.
I'm glad my time at UofM wasn't like yours.
It probably depends on what department your major was in, but being in the American workforce for over 3 decades, that's been my experience. Fresh grads are not prepared for anything more than an entry-level job on average.
RE: Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
(09-04-2020 03:49 PM)aardWolf Wrote:
(09-04-2020 03:37 PM)FlyingTiger2016 Wrote:
(09-04-2020 10:03 AM)geosnooker2000 Wrote:
(09-04-2020 09:38 AM)FlyingTiger2016 Wrote:
(09-03-2020 05:27 PM)geosnooker2000 Wrote: Taking the fact that this is our alma matre out of it, $600M is an asinine amount money to be corralling out of the economy for use in higher education. I mean, we gotta do it to keep up with the Joneses, but all this inevitably does is raise the price of college tuition. It "feeds the beast" so to speak.
Our graduate programs in areas like Computer Science are completely insufficient to support the employment goals of our F500 companies. If we are going to compete with the likes of Amazon, we need more students with graduate level education in Computer Science.
As a graduate of Georgia Tech and Memphis, I have seen what a well funded research institution can do for a local economy. Memphis needs a Georgia Tech level institution if we are going to compete.
Your statement is ludicrous.
Oh, well, thank you!
Incidentally, my son graduated with an undergrad degree from UofM in computer science in 2014. He got a very good internship straight out of college, and now has a very good job at a local software company as a programmer.
So, as per usual, we see that an education is more about how a student responds to the teaching in stead of how it is taught. Or how expensive, lavish, and large the buildings are in which they are taught.
And quite frankly, if you can't learn all you need to know about computer programming in 4 years, you are not going to in 6. GRADUATE DEGREES are what is ludicrous. You shouldn't need a graduate degree for anything except Medical, Architectural/Engineering, and Legal. The reason you NEED graduate degrees these days is because 18 year old adults come out of high school still needing to attend classes on freaking GRAMMAR. Basic ALGEBRA. How to READ. So a full quarter of their college experience is spent leaning what they already should know.
Quote:And quite frankly, if you can't learn all you need to know about computer programming in 4 years, you are not going to in 6.
Ask your son if there's anymore he would want to learn about computer graphics, machine learning, reinforcement learning, computability, complexity, bioinformatics, compilers, quantum computing.
Buy him a copy of Quantum Computing since Democritus. Ask him if he understands all of it.
There's far more to being a computer scientist than creating CRUD apps. Yeah, you can teach yourself the basics of programming in a few years and make a damn good career out of it. But there's so much more you can learn.
I have always heard that the value of college is not in what you learn necessarily (especially for a heavy Computer Science degree), but that you are learning how to learn. A good IT person continues learning until they are dead... It can't stop after formal schooling.
Was in my field for 35 years and was still learning new things up until the day I retired.
The one thing that is constant is change.
No matter what field you are in it is always changing and you have to change to keep up.
RE: Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
Information is being created at an ever increasing rate every year.
Research opens doors in all fields creating new understanding about process and use the information.
Entire labor market sectors are created and eliminated at ever increasing rates.
Things we Learn in one field are used in other fields to impact practice use in our lives.
What we learn in undergraduate has a purpose as does graduate work. All levels have value if you make use of the learning opportunities. If all you want is a piece of paper then you can get it.
In 1973 I entered college to study this new field call computers, data process, programming, take your pick. I worked on a IBM System 360 that wouldn’t fit in a good size den. I learned COBAL, RPG, AL. My world was punch cards and greenbar printouts. There was no internet or cell phones or websites or social media. We only used 2 digits for the year because we needed to save storage space. Remember the Y2K deal. The average cell phone today runs rings around the computing power back then and NASA would have drooled over the technology of the phone in your pocket.
I have a friend who works in IT at St Jude. He described not too many years ago how sending DNA sequencing info on cancer patients used to take endless hours while now it’s minutes. Mr freaking refrigerator has WiFi and I can get one that has tv. Me next car will drive itself and you can soon buy a ticket on a SpaceX ship for fun.
That stuff is here because of research done at universities, by government and by industry and the collaborations that exist between them. It costs money that comes from many sources. Some people make a lot of money off the discoveries that comes from it. When new technologies are created you look back and understand that $300 million may have created new industries that generate $trillions.
Is there ever waste? Certainly. But failure is often the best way of learning not what doesn’t work but what will.
Do we benefit from the gifts of philanthropists and government grants? Certainly.
The University of Memphis is becoming a real player in world impacting research and development as well as entrepreneurship. Memphis will be better for it.
(This post was last modified: 09-06-2020 07:45 AM by Tigerx3.)
RE: Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
(09-06-2020 07:55 AM)Unionman76 Wrote: my first job
i worked on a Honeywell 437 Mainframe, that filled up half a building
it had 54K of memory
3 disk drives and about a dozen tape drives and a drum printer
K
looked like something out of 1950s sci-fi films, with tapes spinning all over the place
Room temp- 60 degrees and sat on a grate floor. Had to schedule time to run the punch cards.
RE: Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
(09-06-2020 07:45 AM)Tigerx3 Wrote: I have a friend who works in IT at St Jude. He described not too many years ago how sending DNA sequencing info on cancer patients used to take endless hours while now it’s minutes. Mr freaking refrigerator has WiFi and I can get one that has tv. Me next car will drive itself and you can soon buy a ticket on a SpaceX ship for fun.
That stuff is here because of research done at universities, by government and by industry and the collaborations that exist between them. It costs money that comes from many sources. Some people make a lot of money off the discoveries that comes from it. When new technologies are created you look back and understand that $300 million may have created new industries that generate $trillions.
And this is what bothers me and others who see the big picture of societal evolution.
RE: Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
(09-06-2020 08:40 AM)geosnooker2000 Wrote:
(09-06-2020 07:45 AM)Tigerx3 Wrote: I have a friend who works in IT at St Jude. He described not too many years ago how sending DNA sequencing info on cancer patients used to take endless hours while now it’s minutes. Mr freaking refrigerator has WiFi and I can get one that has tv. Me next car will drive itself and you can soon buy a ticket on a SpaceX ship for fun.
That stuff is here because of research done at universities, by government and by industry and the collaborations that exist between them. It costs money that comes from many sources. Some people make a lot of money off the discoveries that comes from it. When new technologies are created you look back and understand that $300 million may have created new industries that generate $trillions.
And this is what bothers me and others who see the big picture of societal evolution.
Think you are missing the point Tigerx3 is making. The stuff you bolded are commercialization efforts - not really scientific ones. If Im understanding Tiger x3 correctly, his point is that non-specific basic research at universities is what actually enables any kind of commercial advancement. Companies dont really want to do basic research, they would actually rather give money to universities to do it if they have a choice.
The $300M in grants the university will seek will most likely be primarily related to basic research. Basic research then result in non-university start ups that attempt to commercialize the research and then somewhere down the line you get major companies. As an example, this is basically how most of the Biotech sector works and is how we are able to have a bunch of different companies working toward Covid vaccines based on different technologies - many of those companies (Moderna with mRNA based, Novavax with protein, J&J with DNA) are building on different types of basic research that oroginally came from universities
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Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
