Research in science has provided the basis of many of our greatest technological breakthroughs including insulin and the Internet. It is only natural that science and business must collaborate. In the end, businesses need to develop new technologies in order to survive and scientists benefit from the commercialization of their discoveries.
But that’s not always case. Some scientific inventions fail to get into the commercial market. One reason could be that it has to do with the manner in which the credits for innovations are allocated. Scientists can include their technician as a co-inventor even though this does not reflect the actual contribution they made to the research which led to the discovery. The differences in goals and mindsets which hinder free exchange of ideas are more important. For instance, business speaks of sustainable profits. Science, on the other hand examines sustainability as a degree of sustainability that doesn’t cause over-exploitation of natural resources.
Collaboration is the crucial factor to success in science and business. Scientists and businesspeople need to learn to understand each other’s language and listen to each others concerns, and seek creative ways to bridge the gap between the two fields.
Top universities like Woxsen offer integrated science and business courses that offer students the best of both worlds. Students in these programs concentrate on a specific area of science while taking classes that are part of the general business curriculum. This program helps students acquire the skills necessary to succeed in various business fields including intellectual property management mutual funds, sales of technical products and much more.