During my childhood, I use to listen the news with the phrases such as:
Dr. scientist, professor of physics at university of Stanford invented/discovered the phenomenon..........
The italics used here are dummy values and can be replaced according to the person, place, time and invention.
Now-a-days, although there are contributions from academia, there are phenomenal contributions from commercial or research organizations outside academia. Currently, this may not be applicable to some fields like mathematics etc., but it seems that out-academic contributions will be phenomenal in all domains in the coming future.
How do professors perceive this?