Purdue proposes advanced manufacturing institute for Indiana
Tuesday, June 03, 2003
This Institute proposal is no small deal. Purdue is proposing to raise $59 million in startup costs from private sources including foundations and corporations.
The institute business plan projects break even in the seventh year of operation. It projects to generate about $30 million in annual revenues from then on. Seventy-five percent of annual revenue is expected to be generated from contract work that might be done for the federal government. Read more.
Today in our history of innovation...
In 1965, Major Edward White II bcame the first American astronaut to make a spacewalk. He spent 20 minutes outside the Gemini 4 capsule during Earth orbit at an altitude of 120 miles. A tether and 25 foot airline were wrapped in gold tape to form a single, thick cord. He used a hand-held 7.5 pound oxygen jet propulsion gun to maneuver.
posted by Ed Morrison |
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Purdue proposes advanced manufacturing institute for Indiana
