Print

Mail

wiki links

Interview: How to change the world, Stevens-style

Stevens Institute of Technology president Harold Raveche smiles during an interview with the Taipei Times on Sunday. PHOTO: CHANG CHIA-MING, TAIPEI TIMES

It's easy to mistake Harold "Hal" Raveche as just the charismatic president of an innovative science and technology school.

In the time it takes to guzzle two cappuccinos, however, the maverick visionary in Raveche emerges, as do his plans to change the world -- one university at a time.

His business card reads "Stevens Institute of Technology" -- the top-ranked tech school in New Jersey -- but Raveche, 65, is everywhere: He serves on the boards of universities from Singapore to Saudi Arabia ("Saudi Arabia is a powder keg," he says), and advises the Dominican Republic on science-related issues.

"See this?" Raveche says, digging out a laminated ID from his bag. "This pass gives me unlimited access to the [Dominican Republic's] presidential palace."

Secret agents stalk him in Turkey; Saudi Customs think he's CIA.

Raveche once advised a Kuwaiti finance minister before Muslim Brotherhood-backed members of parliament sacked the official "for being too Western."

"One-third of Kuwaiti parliamentarians are Muslim Brothers -- not many people know that. Those guys are bad news," Raveche says, referring to the radical Sunni Islamic group.

"Taiwan would become so vibrant ... China would have to respect its innovation -- far more than it would have to respect Taiwan's buying a hundred new missiles."

Harold Raveche, president of Stevens Institute of Technology

He knows when his ideas on changing society by revolutionizing higher education have hit a brick wall -- like they did at Alfaisal University in Saudi Arabia.

Bankrolled by Boeing and the Bin Laden Saudi Group -- among other strange bedfellows -- Saudi Arabia's first private university is already mired in bureaucracy before its opening in September, Raveche says, sighing.

Though he's on Alfaisal's board, he hardly visits Saudi Arabia anymore.

These days, Raveche prefers to set his sights on places like Taiwan -- bastions of democracy and hope in a world beset by tyranny, he says.

With three sister schools in Taipei, the Stevens Institute sees its jet-set president visit here regularly to chum with political heavyweights with a view to revamping Taiwanese higher education.

"As a US citizen and as a person who feels strongly that the world must democratize, I believe in Taiwan's sovereignty," Raveche says. "I want this nation to succeed."

The key to Taiwan's continued success amid China's rise, he adds, is "creative enterprise," a fancy term meaning innovation. That is, Taiwan must shift its focus from high-tech manufacturing to invention -- beginning on college campuses nationwide -- if it is to avoid becoming eclipsed by the likes of China and India, Raveche says, his voice filled with urgency.

"Taiwan has to say to itself, `We've made great progress, but the next two decades will determine our ultimate standing in the world.' Taiwan can't stay in manufacturing with China and India poised to eat its lunch -- it has to start inventing, and now is the time," he says.

That message is not lost on Chinese Culture University president Lee Tien-Rein (李天任), who invited Raveche to deliver a keynote speech at the university's 45th-anniversary conference on "Academic Entrepreneurship" on Monday.

Calling the Stevens Institute a "mainstay" in marketplace innovation since 1870, Lee welcomed his sister school's chief like a celebrity.

With a slew of inventions oozing out of Stevens yearly -- earning the school top ratings by Princeton Review -- more and more academic and political powerbrokers are listening carefully to what Raveche has to say.

After all, his ideas on revolutionizing education aren't just theories; they're actually working at Stevens, and, Raveche claims, they could work for entire nations.

At the heart of Raveche's higher education model is profit.

A 19-year-old Stevens engineering major, for example, wakes up every morning on the campus in Hoboken, overlooking the Hudson River, and skateboards to class to brainstorm.

Together with his classmates and teachers, the student cooks up a brainchild -- a new product or service -- around which Stevens forms a company to market that product once it's patented.

"Angel investors" then swoop in to finance the endeavor, while outside marketing specialists advise the inventors on business-related aspects.

The project culminates with the invention hitting the market and everybody -- from the faculty, investors, specialists, to the students -- all profiting because of their equity in the new company selling the invention.

"Everybody, especially the students, is allowed to fully participate in the reward system. So, they produce because they're motivated to do so. Where else can an undergraduate -- or even a graduate student -- go to create a product and a company?" Raveche says, adding with a sly smile: "Being a Stevens student can be quite lucrative."

In the traditional model of higher education, he says, students rarely participate in product development with their teachers.

Product patents, meanwhile, are typically licensed to outside companies, earning the university royalties but no equity in homegrown companies like at Stevens.

Raveche's model, on the other hand, not only encourages partnerships at all levels of academia, but also allows students to innovate while capitalizing on their own creations in the marketplace -- skills not easily duplicated by competitors in, say, India or China, he says.

"By developing this model in Taiwanese universities, by providing incentives to companies to invest and work with universities in such a way, and with universities owning equity in new companies that grow from inventions, students and faculty will become highly motivated to make projects work," Raveche says.

"In this way, you bring the knowledge of the global marketplace into Taiwanese universities and then work won't be outsourced to India, China and Korea," he says.

"Taiwan will have something to offer that no other country can," he adds.

"Taiwan would become so vibrant [if it were to follow Stevens' model], it would gain such economic potential that its relationship with China would be determined by that. China would have to respect its innovation -- far more than it would have to respect Taiwan's buying a hundred new missiles," he says. "Much more."
This story has been viewed 2704 times.