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There is no shortage of complaints about the existing "grant” model, but try as I may, finding the “best” way to spur innovation remains elusive.
I am wondering, however, if we could set basic parameters and create innovation “corridors” by bringing together the “Triple Helix” of govt, private business, and academia: lianeon.org/p/the-tripl…
There is no shortage of complaints about the existing "grant” model, but try as I may, finding the “best” way to spur innovation remains elusive.
I am wondering, however, if we could set basic parameters and create innovation “corridors” by bringing together the “Triple Helix” of govt, private business, and academia: https://www.lianeon.org/p/the-triple-helix-of-innovation
If, for example, we switch from a student loan model to an ISA/equity model, universities will specialize and provide more affordable and rigorous coursework. They will also have an incentive to work closely with private businesses who will (hopefully) hire graduates. Private businesses would partner with unis to gain early access to the best talent.
If the government were to provide block grants to research universities, leaving them to decide how to best allocate the funds, it could form the “perfect” fusion between entrepreneurship, talent, and capital that could be very powerful.