I disagree with Prof Funk, with whom I had exchanged mails way back in 2010. Academic research focuses on the fundamentals, the market is not the audience for such outputs. The output is the basis for applied research as rightly articulated in the article. Academia is a place to experiment, take long shots and so called neoliberal Market efficiencies do not apply. The problem is one of information access rather than relevance of academic science. The market lens is not the best KPI. VC led innovation is takes science closer to the audience, does not necessarily take science to the next level. A negative result in a lab is a legitimate output.
The original article here: