No. It is for research that wouldn't be funded by companies, since it is either too risky or has too long of a time-horizon. If all academic research was remove

No. It is for research that wouldn't be funded by companies, since it is either too risky or has too long of a time-horizon. If all academic research was removed from the world you would notice a vast stagnation in technological progress. This can be confirmed by looking at what technologies have come from this process, and what private research built upon public research.