America owns this leadership today, thanks to a complex interplay between government, academia, and industry. Industry can afford to look ahead only a few years . The high risk of fundamental research, workforce mobility, difficulty in capitalizing on internal innovations, and shareholder behavior are among the reasons. As a nation, though, we can and must invest for the long term . America's future depends upon our broad-based leadership in certain key sectors, not on the individual success or failure of specific companies.
Universities transfer technology in two ways .
They transfer ideas, by licensing and by placing concepts in the public domain. And it's not just graduate education. And I am not alone. Four other faculty members in my department were Andy's undergraduate students. Recent computer science department chairs at MIT, Maryland, Princeton, and Waterloo, in addition to UW, were Andy's undergraduate students.