Surprised to discover that MIT's indirect costs (i.e. for facilities and administration) on research grants recently crossed 50% (jumps to 55% in 2022). ras.mit.edu/facilities-and
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Funding is so fascinating. Some of the cooler higher ed experiments have been the result of financial innovation.
e.g. pays less overhead than other labs at MIT: 20% on consortium $$ and only 10% on private gifts...
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Yup. Media Lab funding model generally is worth looking into. They've experimented with a few diff funding structures over the decades but have had the governance flexibility to do that thanks to some quirks related to its founding.
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