State funding support for world-class public universities, like Berkeley, the University of Michigan and the University of Virginia has been reduced as low as zero to 20%. The top tier public universities learned many years ago it was necessary for them to become research universities, which are profit centers, to fund their operations. UNLV and UNR are far behind on the curve in becoming self-sustaining. Both must develop as world renowned research universities to earn income to survive and succeed.
Today Jim discusses the many attributes and plans of UNR and UNLV to make both universities competitive with the other world-class U.S. public universities.
Great faculty mentoring at research universities gives students a chance to develop their own inventions and ideas that can lead to major economic production. In UNLV’s recent business plan competition, UNLV engineering and business students created a plethora of small business ideas that resulted in 12 patents, a host of small company start-ups. UNLV students swept the Nevada Governor’s Cup and tri-state competitions for best business plans. New inventions create new businesses: http://bit.ly/IHHqaJ