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Some universities allow faculty members to hold patents; some give them joint interests in private sector ventures.
And it has immediately set aside 500 million Canadian dollars for direct investment by the government in private sector ventures.
But until then, Layalina, along with other like-minded private sector ventures engaged in "private" public diplomacy, are part of the new "soft power" that will be needed to help a new president win the battle of hearts and minds in the Middle East.
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Just consider the outraged response from a TVO spokeswoman: "Yes, TVO is entirely a private sector venture!
In contrast, U.S. domestic battery production is led by the development of the gigafactory in Nevada, a joint private sector venture between Tesla Motors and Panasonic.
According to Mr. Cornstein, 62, the gambling outlet he revamped by treating it like a private sector venture -- not "a dumping ground for political patronage" -- has become a gold mine with its own brand of sizzle.
For example, United States legislation such as the Bayh-Dole Act of 1980 has allowed universities to have ownership of intellectual property (IP), which in turn enabled universities to form alliances with the private sector, venture capital industry, and foreign firms.
"I don't think it's likely that a purely private sector venture is going raise that amount of capital … In our conception, the money is coming from NASA, which means it's really coming from taxpayer and the U.S. government, while the actual execution, building the hardware and seeing the mission through, is contracted out to Vista".
"In the private sector, venture capitalists can act quickly when they want to, but they might not unless there's public pressure," Schipani said.
Yes, private-sector ventures also frequently fail, but their investors know when to stop: their own money runs out.
Achieving this will be crucial, and not just because of the extra support it will offer to private-sector ventures.
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