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So, if a research project takes $3M in funding, and a private company takes that primary research and spends $300M to produce a derivative product and takes it
by 18pfsmt 7y ago
So, if a research project takes $3M in funding, and a private company takes that primary research and spends $300M to produce a derivative product and takes it to market they should not profit? The National Renewable Energy Lab has an entire portfolio it is begging private companies to productize.
Taking a product to market is very difficult and raw research is not usable by the populace in most cases.
- headsoup 7y agoThis is fine, so long as the $3M funded research is still open and available to anyone to productionise. Is that how it works or are private companies funding some of the 'open' research phase to then privatise (i.e. make secret) the outcomes?
- Ill_ban_myself 7y agoIf you spend 300$ million in secret research you can realize 1.5 billion in profit. The numbers for research where you're forced to make the production research public mean your competitors can get to market faster and it may mean an investment of even 3 million isn't worth it. There are some medicines/procedures/devices where this is the only way to make the numbers work to sell it.