[zozbot234]

Translational research is its own subfield in biotech too. And it's plausibly one key place where a lot of low-hanging fruit might still be hidden, both in biotech and in the harder sciences. In general, it would be nice if academia did its part as an alternate, fully formalized source of what's usually left to tacit "folk" know-how in all sorts of industry-relevant pursuits.

[jollybean]

True that, with the caveat that biotech has much longer development cycles, and often socialized markets, which make them an odd fit for scrappy entrepreneurs and VC.