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MIT President At NVCA: Research Cuts Would Be ‘Devastating’

April 9, 2011 /

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Cutting research funding to narrow the budget deficit would hurt innovation now and for decades to come, Massachusetts Institute of Technology President Susan Hockfield said to venture capitalists Thursday.

Hockfield, speaking at the National Venture Capital Association annual meeting in Boston, said federal research-spending cuts would discourage young scientists and do little to solve the nation’s deficit problems.

"The big fixes have to be in our entitlement program," Hockfield said. "If we decimate our research budgets in order to solve our deficit problems, if we kill the seeds for growth, we are dead doubly."

By Brian Gormley

Full Story: http://blogs.wsj.com/venturecapital/2011/04/07/mit-president-at-nvca-research-cuts-would-be-devastating/?mod=google_news_blog