Instead of a patent company wouldn't these universities be better served to work as sort of early stage VCs. The university acts as a way to train engineers and

Instead of a patent company wouldn't these universities be better served to work as sort of early stage VCs. The university acts as a way to train engineers and then in partnership perhaps with their professors they solve real world problems. To market their solutions these engineers partner with the university to use its endowment to fund the startups? The university of Michigan I think already does this.