6 ms·

The overall funding for starting up a laboratory is much smaller in Europe than the USA. It's that start up funding that will drive talent, more than anything

The overall funding for starting up a laboratory is much smaller in Europe than the USA. It's that start up funding that will drive talent, more than anything else.

FirmwareBurner 1y ago
This. Ivy Leagues will be here in 3.5 years when Trump will not. EU announced 500 million Euros for research while Harvard alone has almost 60 billion endowment.
- moomin 1y ago
  > Trump will not. People said that the last time he was elected. Be wary of treating him as an aberration. He’s not magic, he’s exactly what people voted for. What makes you think they won’t vote for the same again with a new face?
  - add-sub-mul-div 1y ago
    He is unusual in that he's boosted by decades of pop culture fame. Other MAGA candidates haven't been able to recreate the same level of success. You're right that there's a lot of stupidity that won't magically go away when he does, but the environment for an adult (of either party) to win won't be so hard.
- benoau 1y ago
  That endowment is not their budget for scientific research. The EU basically caught up with what Harvard spends of their own money with that €500 million. > In fiscal year 2024 (FY24), research at Harvard was supported by more than $1 billion of sponsored funds from federal, foundation, and industry sponsors, alongside an additional $526 million funded directly by the University. https://osp.finance.harvard.edu/osp-annual-report https://osp.finance.harvard.edu/osp-annual-report
  - deleted 1y ago
    [deleted]
  - esbranson 1y ago
    > The EU basically caught up with Harvard
    - benoau 1y ago
      And the kicker is, they're actually planning to overtake Harvard's $526 million investment by approximately three orders of magnitude. > Von der Leyen announced the 500 million euros ($566.6 million) incentive package and said she also wanted EU member states to invest 3% of gross domestic product in research and development by 2030. https://www.reuters.com/science/eus-von-der-leyen-announces-500-mln-euros-package-boost-european-science-2025-05-05/ https://www.reuters.com/science/eus-von-der-leyen-announces-...
      - esbranson 1y ago
        Let's hope they have better success than NATO at holding the EU states to their pledges. Otherwise Harvard may gain the upper hand. > The endowment distributed $2.4 billion in the fiscal year 2024. https://en.wikipedia.org/wiki/2014_Wales_summit https://en.wikipedia.org/wiki/2014_Wales_summit https://finance.harvard.edu/financial-overview https://finance.harvard.edu/financial-overview
      - FirmwareBurner 1y ago
        From where will the increased GPD % for defense and research come from? Education? Healthcare? Infrastructure?
        benoau 1y ago
        Probably from being able to tax corporations effectively and preventing individuals from dismantling functional economies.
        1y ago

The overall funding for starting up a laboratory is much smaller in Europe than the USA. It's that start up funding that will drive talent, more than anything else.

FirmwareBurner 1y ago

This. Ivy Leagues will be here in 3.5 years when Trump will not. EU announced 500 million Euros for research while Harvard alone has almost 60 billion endowment.

moomin 1y ago
> Trump will not. People said that the last time he was elected. Be wary of treating him as an aberration. He’s not magic, he’s exactly what people voted for. What makes you think they won’t vote for the same again with a new face?
- add-sub-mul-div 1y ago
  He is unusual in that he's boosted by decades of pop culture fame. Other MAGA candidates haven't been able to recreate the same level of success. You're right that there's a lot of stupidity that won't magically go away when he does, but the environment for an adult (of either party) to win won't be so hard.
benoau 1y ago
That endowment is not their budget for scientific research. The EU basically caught up with what Harvard spends of their own money with that €500 million. > In fiscal year 2024 (FY24), research at Harvard was supported by more than $1 billion of sponsored funds from federal, foundation, and industry sponsors, alongside an additional $526 million funded directly by the University. https://osp.finance.harvard.edu/osp-annual-report https://osp.finance.harvard.edu/osp-annual-report
- deleted 1y ago
  [deleted]
- esbranson 1y ago
  > The EU basically caught up with Harvard
  - benoau 1y ago
    And the kicker is, they're actually planning to overtake Harvard's $526 million investment by approximately three orders of magnitude. > Von der Leyen announced the 500 million euros ($566.6 million) incentive package and said she also wanted EU member states to invest 3% of gross domestic product in research and development by 2030. https://www.reuters.com/science/eus-von-der-leyen-announces-500-mln-euros-package-boost-european-science-2025-05-05/ https://www.reuters.com/science/eus-von-der-leyen-announces-...
    - esbranson 1y ago
      Let's hope they have better success than NATO at holding the EU states to their pledges. Otherwise Harvard may gain the upper hand. > The endowment distributed $2.4 billion in the fiscal year 2024. https://en.wikipedia.org/wiki/2014_Wales_summit https://en.wikipedia.org/wiki/2014_Wales_summit https://finance.harvard.edu/financial-overview https://finance.harvard.edu/financial-overview
    - FirmwareBurner 1y ago
      From where will the increased GPD % for defense and research come from? Education? Healthcare? Infrastructure?
      - benoau 1y ago
        Probably from being able to tax corporations effectively and preventing individuals from dismantling functional economies.
        1y ago