Universities perform more than half of all basic research in America, and public research universities in particular account for two-thirds of the $63.7 billion allocated annually by the federal government for research. That spending, in turn, produces more than 2,600 patents and 400 companies a year, according to the Association of University Technology Managers.
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Shouldn’t they be making money from those patents and companies allowing them to fund their own research?
Shouldn’t they be making money from those patents and companies allowing them to fund their own research?