Biotech firms like Genentech, Neurocrine Biosciences and Pharmacopeia all owe their existence to university-licensed research.
Munro makes a further important point that journalists have overwhelmingly missed the existence of universities' exemption from the cap.
"At lots of institutions around the country, people get into difficulty with managers because if they challenge them in an academic way, they regard it as an affront to their existence at a university.
There are clearly many online social networks in existence and the university appreciates that it must provide compelling reasons for visitors to invest time in the Knowledge Centre as yet another platform; however the early signs are encouraging in that it does resonate with its users in being distinct, interesting and useful.
For example, I returned to art, my life-long love, while I was going through a divorce, earning a doctorate degree, and moving from Texas to Connecticut to begin a new existence as a university professor.
One Day tells the story of potential love thwarted by the disappointments of post-university existence.
"What is at stake here is the very existence of Italian universities," said Alberto Civica, an official with the U.I.L. trade union, which represents about 500 researchers and 300 professors.
This month, O'Brien publishes his debut novel, Afterlife: set in the Welsh marches during the airless summer of 1976, it tells the story of four friends, newly graduated from Cambridge, trying out post-university existence in a shared cottage.
All of the ex-president's diplomatic skills were needed to bring his university into existence.
The chiropractic college, by far the largest of three schools at Life, lost its accreditation in 2001 in a dispute over teaching philosophy, jeopardizing the university's existence.
