@strypey Unfortunately, while many universities and companies used these funds to do just that - expand their existing research and business acumen - it also attracted a whole new class of parasitic entepreneurs, for whom it was purely a way to make a quick buck.
We had an avalanche of "social portal for cats" and similar "innovations" that were merely engineered to satisfy formal requirements, get funding and then maintain for only as long as required by the contract.