I strongly disagree.
Universities already utilize government funding for research with potential business applications to the maximum extent with the minimum effort required to seek commercialization. Just ask any Director of Technology Transfer.
Because universities have no insight into what research has merit for business purposes, nor have they made any serious effort to discover it after decades of this funding, they farm graduate students into predatory policies designed to treat them like future lottery tickets (corporations).
Government-funded labs sit open while graduate students cannot conduct their research because of the total control administrations now exert - pretending to be VCs because these facilities are under their control.
There are millions of university patents produced yearly. Millions. Yet the commercialization rate is close to 0, even at the best.
The missing input is founders. The rarest ingredient in inventing businesses are founders. But universities treat them as deposable - including when they are from their own faculty.
The public requires no other return than the jobs (and payroll tax) they create - that was the justification for the bill.
This means that universities are committing fraud by preventing commercialization efforts - which they do by action, policy and neglect.
The ASU Foundation has made some strides in minting “founder friendly” commercialization policies, but we’re a long way off from anything to be proud of.