Sci. Aging Knowl. Environ., 22 October 2003
Eyes Wide Open
Science academics who take the path into commerce might find rude surprises awaiting. An insider's guide to the pros and cons of getting involved with the biotech industry
Abstract: Scientists in academia and industry pursue fundamentally different goals--generating knowledge versus developing a moneymaking product--that are often at odds. Researchers in the ivory tower who join, found, or collaborate with a company might need to prepare themselves for handling the conflicts that naturally arise between the two worlds. Industry veterans advise that before getting involved with a company, academic investigators should understand the motivations driving commercial ventures, weigh the pluses and minuses of the corporate science culture, and, in partnerships, negotiate satisfactory compromises. Major areas to consider include industry's ability to pursue cutting-edge ideas with speed and a wealth of resources, its need to protect scientific intellectual property through patents, restrictions on exchange of information, tradeoffs in the freedom to choose one's scientific direction, job stability, and the corporate emphasis on teamwork.
Citation: I. Chen, Eyes Wide Open. Sci. SAGE KE 2003 (42), nf19 (2003).
Science of Aging Knowledge Environment. ISSN 1539-6150