The document describes plans to establish a Future Media Lab through an international network called GraphicsMedia.net. The lab would focus on applied research in areas like new media technologies, medical imaging, and social media. It would aim to achieve scientific excellence, facilitate technology transfer, and support staff development. A business model is proposed involving government basic funding, commercialization through licensing and spin-offs, and a bootstrapping period. Metrics for success include scientific, economic, and international visibility benchmarks. Conducting a study is suggested to identify strategic research niches and develop a business concept.