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Company of Scientists

From Bioblast


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Company of Scientists

Description

The Company of Scientists evolves as a concept for implementation of scientific innovations by scientists on the market.

Abbreviation: CompaSci



MitoPedia topics: MitoGlobal Companies 

Company of Scientists

Marketing a scientific innovation

The difficulties

Many valuable scientific innovations remain confined to individual laboratories, even if the scientific community and society in general might profit from the dissemination of such products. Various factors are responsible for the fact that such scientific innovations never make it to become commercially available.

  • Highly specialized instruments are not attractive for sales companies and investors who seek a high turnout in nationally or regionally confined areas.
  • Filing of a patent is supported by various academic and other national institutions, but having a patent is quite different from having a concept for producing and marketing an instrument.
  • Many scientists are reluctant to initiate their own startup company, due to high costs and bureaucratic difficulties in starting a business, possible conflict of interests with their academic institutions, lack of experience in handling such a business, and difficulties in finding the right partner or partner institutions for prototype development, series production and marketing.
  • Many scientists underestimate the high value of having established a network within the area of their specialized discipline.


The 'Company of Scientists'

  • The Company of Scientists provides a platform for Scientists ('Scientific Partners') to market their product without having to invest into the initiation of their own company.
  • All rights on the product remain with the Scientific Partner.
  • The Scientific Partner is responsible for the contacts with potential customers.
  • ....