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Intel Announces $100 Million Academic Investment

Intel Announces $100 Million Academic Investment

Intel is hoping an investment of $100 million in US universities will net it a head-start on new tech.

Intel has announced its intentions to put around $100 million of its recent profits to use in universities across the US, founding new Intel Science and Technology Centres to foster innovation in the visual computing field.

Announced yesterday in a conference call and reported by CRN, the company's plans will start with the creation of an Intel Science and Technology Centre at Stanford University - near to Intel's headquarters at Santa Clara in California.

The Centre, which will be run by Intel's academic research division Intel Labs, will be a direct route for researchers in the fields in which Intel is interested to obtain support and funding for their work. Initial reports indicate that those researchers choosing to collaborate with Intel will receive up to five times the funding than would be available from other sources.

The Centre at Stanford University will be joined by similar collaborative centres at other Californian universities, including Irvine, Davis and Berkeley,as well as the Universities of Washington, Cornell, Princeton and Harvard.

The aim, according to Intel's chief technology officer Justin Rattner, is to increase the company's investment in 'the information economy,' encouraging a spirit of inter-university collaboration and keeping Intel on the cutting edge of research and development.

Each university on Intel's list is to get $2.5 million each year for the next five years, making it a long-term project for the company.

'We want to create a climate for research to make an impact on technology,' Rattner said. 'So often great ideas never go from the academic setting into the market.'

Intel is not thought to be creating similar projects in other nations at this time.

Do you applaud Intel's move, or is $100 million a bit stingy for the benefits the company hopes to gain from its investments? Share your thoughts over in the forums.

5 Comments

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Mraedis 27th January 2011, 12:39 Quote
But what of the patents?
FelixTech 27th January 2011, 14:59 Quote
I imagine they routinely spend a great deal of money on research, as we all rely on our processors getting ever faster. I can't tell whether this is a particularly big deal, or whether it's just a case of a whole load of money being announced at once.
greigaitken 27th January 2011, 15:06 Quote
more money doesnt buy you specific new tech. but getting people motivated and somewhat funded to invent something (what they want to do) can be extremely rewarding for society (or it might lead to nothing - no guarantees)

imagine trying to pay a group of scientists in 1890 to go to their lab and invent the tech to capture your image, transmit it through the air, and then display it again. no way, but fund them to come up with something new in the field of electrics and optics and you'll get something back.

A significant unknown is what intel defines as "fields which we are interested in" how narrow is that? cant just be "physics"
enciem 30th January 2011, 03:07 Quote
the term "intellectual rights" comes to mind. No idea is your own!!!
enciem 30th January 2011, 03:08 Quote
...either that or they're hoping someone's got a great idea for a 16 core Atom processor they can nab
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