MIT’s boots stuffed with Queensland cash

So, what, a learned reader asks, is the cost of a week of an MIT teams time plus accommodation and facilities to run an innovation bootcamp (CMM yesterday). QUT has just confirmed a February repeat of this year’s MIT experience. There were 128 participants then (CMM March 30) with three on scholarship. So, the same number at the 2017 rate of $US6000 (A$7710) will generate $888 000. Plus, the Queensland Government has committed $300k for next year and states QUT will add “additional cash and in-kind contributions.” If QUT only matches the value of the government’s contribution that makes it just under $1.5m for the week. MIT staff must be discounting their hourly rate.


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