From insulin to the Internet Research in science has been the basis for many of our most significant technological advancements. It seems logical, then that business and science should collaborate because companies require new technologies in order to survive, and scientists benefit from commercialization of their discoveries.

However, that’s not always the case. Certain inventions in science are not commercialized. This could be due how innovation credit is divided. Scientists could include their technician as a co-inventor, however, this doesn’t reflect the actual contribution they made to the research which led to the discovery. The differences in goals and mindsets that limit the exchange of ideas are more important. Business, for instance, is a proponent of sustainable profits. Science however considers sustainability as pop over to this site a concept that doesn’t lead over-exploitation of natural resources.

Ultimately, the key to the achievement of business and science is collaboration. Business and scientists must learn to speak the same language and listen to each others concerns, and find innovative ways to bridge the gap between the two fields.

Top universities like Woxsen provide integrated business and science courses that allow students to get the best of both worlds. In these programs, students concentrate on a chosen area of science and also take courses that are part of the general management curriculum. This program teaches the skills needed to excel in many business fields including intellectual property management and mutual funds, sales of technical products and more.