It takes many steps to make a businessman. The path from a scientist to businessman takes many more steps. There are some fascinating stories out there and the three entrepreneur mentioned in the link below have fascinating stories by themselves.
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Commoditization of technology – Part 2 – Improve on good.
The instinct in the market is to have a broad based technology and serve different segments of the customer. We will continue discussing the centrifuge example since this is a commodity in a research lab and very few scientists pay any attention the Make or model of the centrifuge as long as it works and…
Technology – implementation
Consider In-vitro fertilization (IVF). The research for that had begun in early 1900’s till the first successful IVF transplantation and successful birth in 1978. It took several years for the technology to get adopted till nearly 50 years later when about 1-2% of all births are now IVF enabled. One of the issues that bogged…
Only the best is good enough
There are several ways to look at development: The Lego way used to be that the best is good enough in the book “Brick by Brick” with the assumption being that the product has to be perfect before it is made available to the general public. However, the second line of thought is that the…
Collaboration and new business models in Venice.
Murano is known for the glass blowing industry in Italy’s venice. Tourists visit in great numbers and almost all of them pass by Murano to buy some glass piece of value. However, what they buy are the usual momento’s and nothing very expensive. Thus, a glass blower who has to keep the kiln working day…
Accounting for start-up companies
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Not design
When you design for a specific action or purpose, a significant plan and thought goes into coming up with a piece of software or instrument or device. This works well for most products. But sometimes for prototypes, or to prove a concept, some really creative people can adapt a concept that did not exist before…