You didn't define "we", so from my POV it's therefore wrong. If I set "we" to "the world" than your statement doesn't apply. Same when I set it to "the western world" or even just to tiny "Germany" --- because it's country I know best.

"We" have Helmholtz, Fraunhofer, Leibniz, Max-Planck. They all do long-term institutionalized research. Sometimes on their own, sometimes for industry. They employ 45000, 22000, 24000 or 32000 people respectively, a good chunk of them researchers.

But if I make the "we" wider, then I see a whole lot of scientific "academies", most of them having several members in turn. See https://allea.org/members/

I can't judge if "most research now is product centric" is correct or not. But I guess that research ending in a concrete product you can buy boosts the publicity of the research manifold.

If e.g. Fraunhofer optimizes wind rotors for turbines ... who will know it? But if they create the MP3 compression ... then it's much wider known. But already the airbag or white LEDs? Both are inventions of Fraunhofer, too. Used world-wide. And yet few know them to be coming out of a public funded research agency.

If I extrapolate this assumption of mine then I guess that inventions by other research institutions like Batelle or Smithsonian aren't equally well-known. If they aren't concrete products. If my guess is valid is on your judgement.