From insulin to the Internet The scientific research of the past has shaped many of our most significant technological breakthroughs. It is only natural that science and business should collaborate. After all, companies need to come up with new technology to survive and scientists reap the benefits of commercialization of their discoveries.

However, this isn’t always the case. Some scientific inventions never get into the commercial arena. Part of this may have to do with the manner in which the credit for innovations is allocated. For instance, a scientist could include their technician as a coinventor but this isn’t always a reflection of the actual contribution each contributed to the research that led to the discovery. What’s more important, however, are differences in mindsets and goals that block the open exchange of ideas. Business, for instance, speaks of sustainable profits. Science on the other hand examines sustainability as a concept that doesn’t lead over-exploitation of natural resources.

Ultimately, the key to the success of science and business is collaboration. Scientists and businesspeople need to learn to communicate in the same way and be able to listen to each other’s concerns, and seek creative ways to connect the two fields.

Top universities like Woxsen offer integrated business and science courses that offer students the best of both worlds. Students in these programs focus on a specific area of science while also taking courses from the general business curriculum. This program helps students acquire the skills needed to succeed in many areas of business, including intellectual property management, mutual funds sales of technical products, and more.

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