Lyons emphasized that UC Berkeley's entrepreneurial spirit could generate up to $1 billion in new revenues over the next decade, transforming the university's financial challenges.
Lyons stated, "It needs to be something fresh. It needs to be something new. It needs to be large enough ... to be transformative" regarding the upcoming innovative initiatives.
As incoming Chancellor, Lyons acknowledged the ongoing structural budget deficit and stressed the importance of innovation in addressing UC Berkeley's financial sustainability.
UC Berkeley is the leading university in producing venture-funded start-ups founded by undergraduate alumni, showcasing its strong culture of entrepreneurship and innovation.
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