In today’s entrepreneurial marketplace, science and business are becoming fast friends. Startup and venture capital newswire reports are awash with reports of science-based start-ups, many of which are underwritten or supported in some way by research universities like MIT, Emory, and Stanford (many of these same institutions also offer “startup how-to” courses to their post-doctoral research candidates). In this informative blog post, learn more about six booming science-based businesses that are here to stay.
Wikipedia describes a biorepository as “a biological materials repository that collects, processes, stores, and distributes biospecimens to support scientific investigation.” A biorepository’s main function is to preserve specimens for future research, but it also assists with collecting the specimens, processing and storing the specimens, and distributing the specimens for research purposes. Biorepository businesses cater to pharmaceutical, biotech, and research-based clients.
Robotics has become big business in recent years – both in the realm of science and in the mainstream. To this point, the industry has its own journal, the Robotics Business Review, and even its own “top businesses list,” the RBR50 (Robotics Business Review Top 50). Companies involved in scientific application of robotics include artificial limbs, elder care, surgical procedures, and even robotic pharmacists that replace their human counterparts.
Digital technology is changing the face of how patient and research health records are stored and shared today. The industry as a whole is now called “Digital Healthcare,” and, in a recent article from U.S. News & World Report, it is credited with transforming health care. Patients are able to access their personal medical records from any smart device. Physicians and researchers can share data, collaborate, and consult across continents. Mobile apps can help patients monitor personal health between doctor visits. The field is becoming so influential that Forbes magazine recently called 2013 “The Year of Digital Health.”
Analytics is a term that refers to the newer science of applying computer science principles to customer psychology. Forbes magazine recently reported news of a new analytics startup that raised $10 million in funding to launch their venture. Their goal? To help businesses keep their customers happy and loyal using “deep computer science” data. Analytics leverages the value and power of the vast amounts of customer data collected every day as prospects and customers interact online.
Bio-Optics is a field that focuses on utilizing laser technology, optics, and imaging to develop better protocols to study, diagnose, treat, and in time prevent disease. Like its sister emergent field, robotics, bio-optics also has its own magazine, BioOptics World, to highlight news in the field.
Another booming business that has arisen from the intersection of business and science is the emerging field of virtual surgery. Virtual surgery also incorporates gaming and computer software to provide surgical simulations to medical students and help patients understand the impact of their personal healthcare decisions.
These six businesses may be the “leaders of the pack” in terms of their overall visibility and impact in the field today, but new science-based businesses arise daily in the place where entrepreneurship and scientific advancement meet.