One of the main goals of Universities around the globe is to conduct academic research. The aim of those research is not only to discover new things about our planet, but also to find solutions to the old and new problems of humanity.
In order to make the technological solutions that are discovered in the university laboratories reach as many people as possible, businessmans and comapnies are needed. They are the ones who will turn these patents and discoveries into products. Watch a video of Ariel Malik explaining the subject: