State schools must get more money from private sector, officials say

State schools must get more money from private sector, officials say

February 24th, 2011 by Perla Trevizo in Local - Breaking News

With deficits at the state and national level, universities must start relying more on private funding for their research programs, University of Tennessee officials say.

"We know that we are not going to be able to depend on the state to fund all of our research programs but we are prepared," said UTC Chancellor Roger Brown in a UT board of trustees meeting today.

To bring in money, UTC will "try to market some of the software that has been developed at the Sim Center," Brown said.

And that's exactly what universities should be doing, said David Millhorn, UT vice president for research and economic development.

"All of our research programs, to a certain extent, have got to make themselves attractive to the private sector, there's much more research money in the private sector than in the public sector," he said.

Millhorne gave a presentation during the Research, Outreach and Economic Development committee meeting, the first of the two-day meeting of the board of trustees. Among other things, he talked about the importance of energy research and budgetary concerns.

For complete details, read tomorrow's Times Free Press.