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Why Scientific Discovery Drives So Many New Startups
Scientific discovery never stops; there’s always something new to learn about the world around us. Sometimes, new ideas fade into the background as another stepping stone of knowledge to get to an even better place of understanding, but more often, those ideas are taken by business-minded entrepreneurs and professionals and used to create a profitable enterprise.
So why is it that so many new startups have a basis in scientific discovery, and what can science teach us about innovation?
The Latest Examples
Take, for example, these startups and organizations marrying science and entrepreneurship:
Why Science and Entrepreneurship Go Hand in Hand
So why do science and entrepreneurship make such a great pair?
Of course, there are some challenges with this partnership of ideas. For example, it often takes a long time to move from a general, lab-demonstrated concept to a consumer-ready product. Making a discovery is just the first step of the process; you then have to test the discovery under various conditions, take the concept and apply it to something that consumers will pay for, and build a business around it (all while testing it even more).
You also have to consider the scaling problem. You may be able to create a revolutionary new material or process in a lab, but can you invent a manufacturing method that allows you to produce thousands of times that original quantity to satisfy consumer demand? This is a major hurdle that some scientific breakthroughs never get.
In any case, new scientific discoveries will remain one of the most powerful sources of new entrepreneurial ideas, whether they serve as ideas in their own right, modify an existing idea, or merely change the field to allow more discoveries to take place. Entrepreneurship and science make fantastic partners and will continue to be mutual sources of information in the indefinite future.
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