Tag Archives: Universities

$25 Million to Princeton for Engineering Education

$25 million to support innovation in engineering education

The gift builds on Princeton’s longstanding strength in educating engineers who are broadly grounded in the liberal arts and can reach beyond purely technical approaches to achieve wise and creative solutions. The new center also seeks to extend those connections by creating and supporting engineering courses that attract liberal arts students. For all students, the center emphasizes entrepreneurship, leadership and service.
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“The quality of life for all societies is increasingly connected to our ability to understand, enhance and use technologies,” said Keller. “Since the rise of civilization, engineering has been integral to the development of societies and has helped people lead richer and more satisfying lives. More than ever, we must equip our graduates to be effective and innovative in deploying technology in the service of our nation and all nations.”

Currently, 60 percent of nonengineering students at Princeton take at least one engineering course; one of the center’s goals is to push that percentage to 100. Princeton’s School of Engineering and Applied Science currently offers more than 20 courses that engage students from outside the engineering school. These courses place technology in a social and historical context, emphasize entrepreneurship and provide substantial exposure to issues such as energy, the environment, cybersecurity and telecommunications. The gift will strengthen those courses and encourage the development of new ones. It also will support internships, entrepreneurial activities and a vibrant program of lectures and visiting professorships from leaders in business, government and academics.

“We see all students as engineering students,” said Sharad Malik, director of the newly named Keller Center for Innovation in Engineering Education. “Despite its pivotal role in modern life, engineering has often been perceived as an isolated discipline. I am extremely grateful to have the Kellers’ support in pushing hard in a new direction, shaping an education that spans engineering, the sciences and the humanities and connects academic learning to societal needs.”

Drug Price Crisis

I don’t think the suggestion below really solves the drug price crisis. But I do think it is an example of an educational and research institution actually proposing sensible role for themselves. As I have said too many universities now act like they are for-profit drug or research companies: Funding Medical Research. For some background on drug prices read my post on the Curious Cat Management blog from 2005.

Solving the drug price crisis

The mounting U.S. drug price crisis can be contained and eventually reversed by separating drug discovery from drug marketing and by establishing a non-profit company to oversee funding for new medicines, according to two MIT experts on the pharmaceutical industry.
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Following the utility model, Finkelstein and Temin propose establishing an independent, public, non-profit Drug Development Corporation (DDC), which would act as an intermediary between the two new industry segments — just as the electric grid acts as an intermediary between energy generators and distributors.

The DDC also would serve as a mechanism for prioritizing drugs for development, noted Finkelstein. “It is a two-level program in which scientists and other experts would recommend to decision-makers which kinds of drugs to fund the most. This would insulate development decisions from the political winds,” he said.

Book – Reasonable Rx: Solving the Drug Price Crisis by Stan Finkelstein and Peter Temin

$35 million to the USC School of Engineering

The 2006 Slate 60: Donations

Ming Hsieh, 50, founder of Cogent, a technology firm in Pasadena, Calif., that specializes in sophisticated identification systems including fingerprinting, gave $35 million to the University of Southern California’s Viterbi School of Engineering in Los Angeles to coincide with the 100th anniversary of its electrical-engineering program. Hsieh (pronounced “shee”) graduated from the university in 1984 with a master’s degree in electrical engineering after earning his bachelor’s degree in the same field a year earlier. In exchange for this gift, his first to the university, the department has been renamed in his honor. Born on a rice farm in northern China, Hsieh grew up very poor. As a child, he constructed small radios and televisions from spare parts, according to a university spokesman. His interest in electronics was stoked by an uncle, and Hsieh emigrated to the United States to attend college after coming into an inheritance. He recently became a naturalized U.S. citizen.