From insulin to the Internet Scientific research has been the foundation of many of our most significant technological advancements. It is logical that science and business should work together. After all, businesses must develop new technologies to stay relevant and scientists reap the benefits of commercialization of their discoveries.

However, this isn’t always the situation. Certain inventions in science are not commercialized. This may be due to the way innovation credit is distributed. Scientists can include their technician as a co-inventor even though this does not reveal the real contribution they made to the research which led to the discovery. The differences in mindsets and goals which hinder free exchange of ideas are more significant. For instance, business speaks of sustainable profits. Science, on the other hand examines sustainability as an aspect that doesn’t cause over-exploitation of natural resources.

Ultimately, the key to the success of both business and science is collaboration. Business and scientists must learn to communicate with each other in a language, listen to each other’s concerns, and discover innovative ways to bridge this gap.

Fortunately, top universities such as Woxsen offer integrated business and science programs that offer students the best of both worlds. Students in these programs concentrate on a particular area of science while also taking classes that are part of the general business curriculum. This program will equip them with the knowledge required to be successful in a variety of business areas, including intellectual property management, mutual funds, sales of technical products and much more.

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