According to recent reports, Facebook is making funding available to the most creative researchers at the most elite universities, basically offering a potential of breaking the bureaucratic log jam the is involved in much of the research funding universe. Ideally this type of initiative will look beyond the usual suspects (Harvard, MIT, Stanford, etc) as the company itself had to look well beyond elite university students to grow.
Facebook’s secretive lab Building 8 has signed a collaboration deal with 17 universities to speed up the research cycle for hardware and software.
Building 8, headed by former Defense Advanced Research Projects Agency chief and Google executive Regina Dugan, has entered into a “Sponsored Academic Research Agreement.” That means Facebook can get new research projects launched in weeks, bypassing the nine to 12 months it usually takes, Dugan said in a Facebook post
This is just another example of the most innovative firms (often with roots on the campus) are going back to the campus to find creators, innovators and entrepreneurs.