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by perfunctory
2816 days ago
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> These startups progress slowly and at great expense, earning them the moniker “tough tech” because they work on difficult problems that require fundamental breakthroughs. I am genuinely curious if for-profit startups is the right setting for "fundamental breakthroughs". Could the current nuclear power technology have been invented by a startup for example? |
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This article mainly covers the MIT fusion effort. For years they struggled to keep their government funding, despite their tokamak having the most powerful magnetic field of any in the world. They finally lost that battle, and now private investors are stepping in. It doesn't appear that there was an alternative.
Government can obviously throw more money but it tends to be more conservative about what it funds. And private funding can go pretty far; it was interesting to see that TAE (Tri Alpha Energy, an aneutronic fusion effort) is up to $800 million in funding. They started work in 1999, so long-term fundamental research does seem to be achievable in a startup setting.