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Innovation and entrepreneurism, at home and abroad

Vikram Jandhyala
Vikram Jandhyala

Anyone who knows me knows I am passionate about innovation and its implementation. One of our key responsibilities as a public research institution is to address our great global challenges.

Professor and chair of the UW’s Department of Electrical Engineering and director of the Applied Computational Engineering Laboratory, Vikram Jandhyala, one of the UW’s brightest innovators and entrepreneurs gave the keynote address to a group of Taiwan Huskies at a special reception focused on the UW’s banner year in innovation and entrepreneurship.

Dr. Jandhyala is at the fore of the UW’s commercialization progress. An avid researcher, he has published more than 150 papers. He lectures regularly on computational electromagnetics, signal and power integrity, electronic design automation and entrepreneurship, a subject he knows very well. Dr. Jandhyala is a founder and chairman of Nimbic, Inc., a cloud-based, venture-funded startup in electronic design automation, as well as a Presidential Entrepreneurial Faculty Fellow in the UW’s Center for Commercialization.

Notes from the AUTM Asia Conference

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Thank you to the 750+ participants attending my keynote address, Economic Impact of Universities and Research Institutes, at the Association of University Technology Managers – Asia conference in Taipei yesterday. It was an honor to be with you and among so many who share my enthusiasm for innovation.

The UW has been developing our own ecosystem for technology entrepreneurship over the past five years. As a result, we have doubled the number of start-ups we launch each year, and our 17 technology start-ups in FY13 rank us in the top five universities nationally.

 

Celebrating the UW with the Taiwan Huskies

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Despite being an ocean away from Seattle, it is simply wonderful to see such strong Husky pride in this extraordinary country. Tonight I met with more than 100 alumni and friends who are part of a long tradition of Huskies living and working in Taiwan. I was honored that Kung-Yee Liang, ’82, president of National Yang Ming University and the alumni chapter’s chairman, welcomed our delegation.

The celebration was particularly special because we honored Simon Sze, ’60, with the UW College of Engineering’s Diamond Award, which recognizes outstanding alumni and friends who have made significant contributions to the field of engineering. Mr. Sze’s contributions have indeed been remarkable. His contributions to semiconductor physics revolutionized the development of modern electronic systems. Memory storage in cell phones, digital cameras, GPS devices and even refrigerators we use today are possible because of Mr. Sze, co-inventor of the nonvolatile semiconductor memory (NVSM). His book, Physics of Semiconductor Devices, is one of the most cited works in contemporary engineering and science publications with more than 22,000 citations and translations in six languages.

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For decades, Taiwanese students like Mr. Sze have been making their way to the University of Washington to enrich our campus and inspire American students to travel abroad. In fact, some of our most popular exchange programs are in Taiwan, including agreements between the Foster School of Business and National Chengchi University, as well as the UW School of Nursing and National Cheng Kung University.

Inspired by our 426 current UW students from Taiwan, we are working to build strong Pacific Rim partnerships in education, business and research with institutions like National Taiwan University, which ranks the UW 1st in scientific research among American public universities. Thank you, Taiwan Huskies, for celebrating these partnerships with me.

 

UW ranks among top for return on college investment

The University of Washington ranks fifth among all public and private universities in the country in a survey that estimates the financial return on degrees.

“While financial return on investment isn’t the only value in a college degree, being fifth in the nation among all public and private universities certainly validates the power of a UW education and the excellence of our graduates,” President Michael K. Young said.

The research was done by PayScale, which surveyed college graduates to estimate the annualized return on investment.

View an interactive chart of the rankings on The Economist’s website.

Finding fulfillment in fundraising

For university presidents, a significant measure of our success is the amount of money raised for the university. Thus, I am very fortunate for the many enthusiastic and generous supporters of the UW, whose passion for and commitment to their beloved institution often translates into a pledge of financial support.

For some in academia, the idea of “dialing for dollars” holds little to no appeal. But a New York Times article I read this weekend provides a compelling argument for why fundraising can be quite fulfilling, both for the funder and the fundraiser. It echoes something I have been saying for years. Our main goal is to help people who want to do good with their resources do precisely that: good!

In the article, Arthur C. Brooks, president of the nonprofit American Enterprise Institute, writes, “Donors possess two disconnected commodities: material wealth and sincere convictions. Alone, these commodities are difficult to combine. But fund-raisers facilitate an alchemy of virtue: They empower those with financial resources to convert the dross of their money into the gold of a better society.”

This is something people want to do because it makes them, and those who benefit, happy.

Brooks continues, “…research confirms that in terms of quantifying ‘happiness,’ spending money on oneself barely moves the needle, but spending on others causes a significant increase.”

For anyone who occasionally dons a fundraiser’s hat—this makes clear what good you do.

 

Statement regarding President Obama’s proposals for rating higher education institutions

We are pleased to see President Obama speaking about the importance of higher education to the future competitiveness of the United States and the necessity of affordability and access for everyone. The University of Washington already scores well on many of the factors the President is promoting such as percentage of Pell Grant eligible students, tuition, debt loads and graduation rates, and we continue to expand our use of technology to improve access as well as services to students. While these measures are important, sustained financial support from our state government remains the best way to ensure affordability and access for Washington students. The state of Washington is indeed fortunate to have one of the best universities in the world at a cost that is still relatively low for students, and we intend to keep it that way.

Michael K. Young
University of Washington President

Early learning and K-12 are UW priorities

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President Young stressed the importance of early learning and called the UW’s new online bachelor’s completion program “a good thing for all of us” during remarks to the Alliance for Education in Seattle this week.

“As long as I’m president,” he told the group Thursday, “improving early learning and K-12 will be a major priority for the University of Washington.”

He said the just-announced online-only degree in early childhood and family studies is “a great example of how we are breaking boundaries and challenging conventional thinking when it comes to teacher preparation.”

“It’s a good thing for our early childhood educators, it’s a good thing for our littlest learners who will be learning from these well-trained teachers and it’s a good thing for all of us.”

President Young at CityClub Tuesday

King 5 anchor Jean Enersen will moderate a “Conversation with Michael K. Young” during a luncheon and program on Tuesday (Sept. 13) at CityClub in downtown Seattle. CityClub invites people to “bring your own questions as we meet and welcome Michael Young to our community.”

Among the issues to be covered:

  • How does President Young define his leadership style?
  • What are his top three goals in year one and throughout his first five years?
  • How does he intend to continue the difficult work of doing more with less in these continuingly challenging economic times?
  • What is his strategy to make a UW education more attainable and affordable for in-state students?

To register or get more information, visit the CityClub website.