If I start it then those problems exist. However, the starting point is that academics have to suffer >funding bureaucracies, which eat nearly half of research

If I start it then those problems exist. However, the starting point is that academics have to suffer >funding bureaucracies, which eat nearly half of researcher time which should motivate some academics to come up with a better system. A network of academics with published papers has already established their reputation. Parents and recruiters in companies who studied the same field can evaluate the background and can assure their children that it is solid. Such an university doesn't have to be started in a void. The internet allows for something like a kick-starter evaluation to check for demand. Only when there is enough demand is there a need to rent or buy buildings. For a student, it is not without risk to start with that university. However, like every startup, there is a possibility for high reward when the self-selected academic network creates an exceptionally productive scientific environment. *edit: With a reputation for solid scientific research, is it necessary to spent time on research grants? Wouldn't companies come knocking to research their tough problems?