Excellent Initiatives

Plans of developing seed funds for on- campus startups is an excellent idea, which will foster and promote entrepreneurship in new ways.

https://www.fis.dowjones.com/WebBlogs.aspx?aid=DJFVW00020100723e67q000gp&ProductIDFromApplication=&r=wsjblog&s=djfvw

The only hope is that getting a slice of those funds should not be yet another bureaucratic process.
Processes should be in place to pick the right group/student/professors.

Andriod and Windows

Interesting point here from Sanjay Jha today. He likens Andriod eventually beating iPhone in the market place to the way Windows dominated Apple/Mac in the PC market in the 80s and 90s.

http://www.itproportal.com/portal/news/article/2010/7/27/motorola-ceo-tips-android-dominate-smartphone-market/

There are still a bunch of mobile OS's out there, and a few of them may die out. Perhaps Sanjay Jha is right in some ways..

One key difference to note is the licensing model. The core of andriod is still GPLv2 , though most of the user space infrastructure is Apache. This drastically changes the dynamics as barriers to emulate something like Andriod in the market place seems to be really low, unlike what was the case with Windows in the 80s and 90s.

GPU Clouds

Here is a potentially ground breaking technology that could have huge ramifications in the media and entertainment industry. I would pitch my hopes more on the massive multiplayer gaming segment.

http://www.nvidia.com/object/io_1256065754359.html

Could GPU clouds spawn a new generation of GPU based cloud service providers targeting the gaming industry?

Some other interesting areas of application would be:

1. 3D simulations
2. 3D movies

We are already seeing some of those:
http://www.hoopoe-cloud.com/