Universities in the West remain the centres of scientific progress. In many ways, especially in North America and Western Europe, universities have become even more effective as technological change agents over the last two decades. Earlier on, it often occurred that a professor would invent something and reap the profits personally. Now, universities see themselves as partners, and are often willing to provide ‘seed funding’ upfront in hopes of not just expanding knowledge but also of reaping some financial benefit. It is also worth noting that members of the emerging middle class in India and Brazil have been well-trained by their universities...