Feeds

Cambridge gets its MiTs on £70m

Government bankrolls hi-tech link-up

  • alert
  • submit to reddit

Mobile application security vulnerability report

The government is to spend £70 million over the next five years on a link-up between the Massachusetts Institute of Technology (MiT) and Cambridge University. The two techie powerhouses will form a joint institute aimed at encouraging UK entrepreneurs. The joint venture will also develop higher education courses and attempt to turn Britain's academic knowledge into technology-based businesses (rather than letting everyone else do it). Most of the funding will come from the DTI -- £14 million a year, for five years -- with £16 million to be raised by the universities from the UK public sector. The size of the investment caused New Labour to bring out the big guns. Gordon Brown said: "This is a path breaking innovation. By choosing the UK as its European partner, MiT has recognised our country's strengths." David Blunkett, education secretary joined in: "The institute will help place the UK at the cutting edge of the globalisation of higher education." Stephen Byers, trade secretary, got stuck in too: "Securing this is a major achievement." The government does have cause to be pleased with itself. Although the UK has the advantage of having English as a first language (and has been in bed with the US ever since Maggie and Ronnie got together), nabbing MiT's European partnership can only be a good thing. Such is the kudos of the US institute that you only need the three initials on your CV to be inundated by VC money. Tony Blair et al have been making all the right noises about technology recently but it is reassuring to see them put their money where their mouth is. With some careful handling the UK may even follow in the footsteps of MiT success stories and produce its own Hewlett Packard, Digital, Texas Instruments or Intel. ®

The Power of One Brief: Top reasons to choose HP BladeSystem

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.