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miked · 02-07-2025, 10:15 PM

Yeah, our institution has a decent endowment, but that covers a lot of things (for instance, for my PhD students we only pay $10k in tuition costs). Not to mention scholarships for students and plenty of other things. This 15% is a nut punch and will kill innovation. Not to mention many small startups get these IDCs to help their research along, and this will kill them. At my university, 2 professors invented an HIV and HepB drug that like 95% of patients take. It was their startup and grants to their startup that led to being acquired by a big pharma company that could actually pay the $100M it takes to bring a drug to market.

Oh well, this will pay for nice tax breaks for Tesla I'm sure.

02-07-2025, 10:15 PM	#1745
miked College Starter Join Date: Jun 2001 Location: The Dirty	Yeah, our institution has a decent endowment, but that covers a lot of things (for instance, for my PhD students we only pay $10k in tuition costs). Not to mention scholarships for students and plenty of other things. This 15% is a nut punch and will kill innovation. Not to mention many small startups get these IDCs to help their research along, and this will kill them. At my university, 2 professors invented an HIV and HepB drug that like 95% of patients take. It was their startup and grants to their startup that led to being acquired by a big pharma company that could actually pay the $100M it takes to bring a drug to market. Oh well, this will pay for nice tax breaks for Tesla I'm sure. __________________ Commish of the United Baseball League (OOTP 6.5)