You have summarised the incentives. You've yet to defend them.
Presumably the point of research is that it's not commercially viable at this stage; were it, the market would already address this need.
Why bother with a university research system which 'lives or dies' just as start ups do? We already have those.
It is widely recognised that there needs to be a long (perhaps millenia-long) pipeline of 'unprofitable' research into commerical outlets. Who thought playing around with wires and magents would lead anywhere?
Presumably the point of research is that it's not commercially viable at this stage; were it, the market would already address this need.
Why bother with a university research system which 'lives or dies' just as start ups do? We already have those.
It is widely recognised that there needs to be a long (perhaps millenia-long) pipeline of 'unprofitable' research into commerical outlets. Who thought playing around with wires and magents would lead anywhere?