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Research probably funded with government grant. They patent it, either start a company or collect royalties. MIT takes a cut. Standard MIT practice.
by wrycoder 6y ago
Research probably funded with government grant.
They patent it, either start a company or collect royalties. MIT takes a cut. Standard MIT practice.
- Qahlel 6y agoThey patent it, sell it to Gilette and we never ever hear of this tech again.
- s1artibartfast 6y agoand everybody benefits.
- wrycoder 6y agoNot if you’re a taxpayer that would rather not fund such things. In other words, the government grant should at least be refunded from the profits.
- s1artibartfast 6y agoThat is a reasonable opinion to hold, as long as you understand that direct financial profit not the purpose of nearly all government spending. The intended return on investment is the knowledge generated by scientific research, as is maintaining the scientific research pipeline and subsidizing academics. More profit for MIT and corporations is also a positive outcome, as is better razors for US consumers. If most voters believe this is a net positive, they can sign the rest up to pay for it in our democratic system.