I remember reading through the submissions to Te Ara Paerangi - Future pathways and coming across some pushing for applied, quickly commercialisable research over basic / fundamental research. Those submissions were from business owners looking to leverage publicly funded research for their private gain. With the change in government, that view appears to have become policy. The piece linked below counters that approach.
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Those business owners need to get themselves a copy of this book: https://press.princeton.edu/books/hardcover/9780691174761/the-usefulness-of-useless-knowledge