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Originally Posted by CrazyPhuD
Heh in computers almost no one in industry funds research at academia with the intent to get anything back from academia. Generally speaking academia is 3-5 years behind industry. Industry funds academia to get recruiting access to students for recruiting. Most big money still comes from NSF/Darpa to my knowledge.
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In the short term, academia can't compete with in-house design teams. That's not the point, and it's not designed to work that way. Academia, even in CS and MIS (my department), we conduct basic research. We provide the tools and understanding that companies use to inform their next level of applications.
I happen to be in a program that commercializes IT research better than many others. Just had one of our top professors have his 8 year old "startup" acquired for the 2nd time. This time by IBM for $1/2 a billion dollars. The research began with DARPA and similar funding and the publications.
But companies typically will license this research after it's done. Not fund it before it gets started.