Tuesday, May 29 2018
By Angelos Angelou, CEO, Angelou Economics
For those so inclined, a quick glance at any scientific journal or publication reveals a community of discovery that is exciting, complicated, and, frankly speaking, bizarre. Recent breakthroughs include, but are by no means limited to: the observation of a neutron star collision that gave birth to an unfathomable amount of deep-space gold; the growing of a premature lamb in a plastic bag; and continued development of the CRISPR gene-editing technique. Researcher’s at the University of Cambridge even taught sheep to recognize Emma Watson’s face.
Alright, so all of that is…interesting. But it also raises an important question: why? What’s the point? How do we get from a celebrity-enamored sheep to a practical, commercialized good or service? The fact is, while discovery for discovery’s sake is great, it’s also expensive. Framing it another way, if research is to remain viable in the long-run, the knowledge gained must at some point make it out of scientists’ imaginations and into the hands of consumers. Unfortunately, the road from discovery to dollars is not always an easy one.