But we absolutely must change our approaches. We cannot simply finance our universities; we must strive to create modern educational institutions, and in this regard, we should take a close look at other nations' practices in creating endowments. For the time being, this hasn't been really launched here, perhaps because businesses are not always willing to invest in research. But at various and numerous meetings that I have with businesspeople, I always encourage them to help the universities they once attended, creating endowment funds to develop universities, because education cannot be developed through state investments alone.
Still, this does not mean that in this case, the government must make itself scarce. On the contrary, even my most recent experiences of visiting Silicon Valley and Stanford demonstrate the enormous role of that government funding plays.
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