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Research in science has provided the foundation for many of our greatest technological breakthroughs including insulin and the Internet. It’s only natural that science and business must work together. In the end, businesses must develop new technologies in order to survive and scientists benefit from the commercialization of their discoveries.

However, this isn’t always the situation. Some inventions from science are never commercialized. One reason could be that it has to do with the manner in which the credits for innovations are distributed. For example, a scientist may include his or her technician as a coinventor, but this doesn’t necessarily reflect the real contribution each one made to the research that led to the discovery. The different goals and attitudes that prevent free exchange of ideas are more important. Business, for instance, speaks of sustainable profits. Science on the other hand is concerned with sustainability as a level that doesn’t lead excessive use of natural resources.

Collaboration is the key to success in business and science. Business and scientists need to learn to communicate in a common language, be attentive to their concerns, and discover innovative ways to bridge this gap.

Top universities such as Woxsen offer integrated science and business courses that allow students to get the best of both worlds. Students in these programs are able to focus on a specific area of science while taking courses that are part of the general business curriculum. This program helps students acquire the skills necessary to succeed in various business areas, including intellectual property management, mutual funds sales of technical products and many more.