You have to be kidding. Most academics I know could command twice their salary in industry if they were financially motivated. Quite a few at my old university have consultancy companies on the side, but their academic life is mainly very pure blue sky research.
A few have struck it big with spin off businesses arising from the needs of bleeding edge experiments but they are the exception.
I have even known a few industrial scientists move back to academia when industrial research became ever more focussed on myopic short term goals. That is rare and takes a very dedicated individual.
The expensive magazines want you to buy their product. Important material announced in leading journals will always trickle down to the popular science press and thence to the news media. It can get garbled in the process, but few members of the general public are equipped with the mathematics to read modern hard science papers in the raw. I find most of the biology papers in Nature extremely hard to read.
He found something interesting and realised it had important practical applications. He was doing basic research at the time. The patent still belongs to the person who invented it (even in big corporations). If you don't let him develop it with university help and support (the current model) then the only effect is that you have him resign wait out the contract period, pretend to invent it and then go to VC for support.
Most of the bigger UK universities have dedicated spin off science sites now with VC ties already established.
Regards, Martin Brown
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