If the universities are to remain strong, indeed to become stronger, and to help keep Israel at the scientific frontier, they need more money. That money does not have to come from the government. Some of it can come from the licensing and sale of intellectual property, an approach in which the Hebrew University has been very successful.
This would indeed be faithful to the model of the European Union – united in diversity. Thank you very much for listening. BIS central bankers’ speeches  5