I hate to say it, but if the Knight Foundation is really serious about wanting to have either a say in the future of the projects it funds OR a piece of the action, its grants should be reworked into purchase arrangements or loans.
Disclosure: I used to work for a nonprofit that was supposed to apply for a Knight Foundation grant, but our E.D. didn't get his shit together in time. Not that I'm bitter.
The problem of public money for private profit runs deep. For example, universities profit by selling patents on research from their labs. This research is often (if not always, at some level) funded by public money. Professors too may profit by founding start-up companies to sell products based on lab research. It works very well, because grad students are much cheaper than hired scientists. (The current president of Yale Y., Richard Levin, has publicly endorsed this as a revenue model for universities.)
It’s all fun and games until something like an AIDS drug is developed in a university lab (I'm referring to a particular situation described in Jennifer Washburn's University, Inc.).
@iplaudius: Yeah, and then, on the other hand, what are you going to do? Without income from selling the lab research, the university can't afford to maintain its state of the art facilities, so it loses interest from students at the same time as it needs to charge them more.
Not that I'm in favor of publicly-funded higher education or science initiatives. That shit is Communist.
Edited by braak: You are, as usual, completely correct. at 08/17/09 4:50 PM
braak: You are, as usual, completely correct. was starred
braak: You are, as usual, completely correct. was unstarred
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08/18/09
Disclosure: I used to work for a nonprofit that was supposed to apply for a Knight Foundation grant, but our E.D. didn't get his shit together in time. Not that I'm bitter.
08/17/09
08/17/09
It’s all fun and games until something like an AIDS drug is developed in a university lab (I'm referring to a particular situation described in Jennifer Washburn's University, Inc.).
08/17/09
Not that I'm in favor of publicly-funded higher education or science initiatives. That shit is Communist.