Media Lab Europe - a 40 Million Euro Ripoff?
An article in the Sunday Times outlined the important points of the Comptroller and Auditor General’s report dealing with the failed Media Lab Europe venture. The points outlined were rather disconcerting.
Apparently Media Lab Europe’s output during the five year lifetime was “dismal”. A previous report found that its publication record was equally dire. It only managed to get 24 papers published in the scientific literature.
The best quote of all was this one:
It is understood the liquidator has found that the intellectual property and the 12 patents generated by the lab are worthless.
Many Irish technology journalists were taken in by the MLE smoke and mirrors. They drank deeply of MLE’s eclectic Koolaid and scribbed their glowing reviews of MLE’s “projects”. For the most part, these technology journalists had no technological background. How could they tell what was real and what was cargo-cult?
Tags: IrishBlogs , Medialab, MLE , Media Lab Europe , MIT
Written by John McCormac on October 3rd, 2005 with
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