From insulin to the Internet The scientific research of the past has underpinned many of our most significant technological breakthroughs. It’s logical, therefore that business and science would work together because businesses need new technologies to survive, while scientists profit from the commercialization of their discoveries.

But this isn’t always the case. Some inventions in science don’t reach the commercial arena. Part of this may have to do with how the credits for innovations are given to the inventors. For instance, a scientist could include their technician as a coinventor, but this does not necessarily reflect the real contribution each one made to the research that led to the discovery. But more important are the differences in attitudes and goals that prevent the free exchange of ideas. Business, for instance, speaks of sustainable profits. Science on the other hand considers sustainability as a level that doesn’t cause over-exploitation of natural resources.

Collaboration is the crucial factor to success in science and business. Businesspeople and scientists need to learn to communicate with each other in a language, pay attention to their concerns, and find creative ways to bridge this gap.

Fortunately, top universities like Woxsen offer integrated science and business programs that allow students to have the best of both worlds. In these programs, students concentrate on a chosen area of science, and learn from the general management curriculum. These programs equip students with the necessary skills to be successful in a variety of business fields, including intellectual property mutual funds, technical sales and many more.

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