From The Times via BDA, the words of another one of those Johnson boys.
Universities urged to make more money from research
Universities are to be measured on how well they work with business, collaborate on research and development and sell their intellectual property. Jo Johnson, the universities minister, will say today that a “knowledge exchange framework” will be developed to analyse how good a job universities do at putting their research to commercial use. In Britain, more research takes place in universities than in comparable countries, at 26 per cent compared with 17 per cent in Germany and 13 per cent in the US. British university revenues from engagement with businesses are growing slowly, at only 1 per cent a year. American universities earn almost 40 per cent more from intellectual property licences as a percentage of their overall research resources than those in the UK. The University of Queensland in Australia earns more than any Russell Group university from this source. The Higher Education Innovation Fund, which helps universities to sell their intellectual property, is to be given £40 million by the government, taking it to £200 million in 2018-19.
No doubt there will be “World Class” hyperbole/BS that goes along with this. Remind me what is the primary function of a university?