UC Looks to Homegrown Startups as New Funding Source

When Google went public, Stanford University made millions. That's because it had equity not only in Google's intellectual property, but in the company itself. That kind of direct investment in a startup wasn't allowed at the University of California, until now. UC President Janet Napolitano made it possible by removing guidelines for industry-academic relations. The change raises questions about ethics, funding and the future of basic research.