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  • williamzembricki replied to the topic Academia vs. Industry Research in the forum Pre-clinical Device Development 7 years, 8 months ago

    The industry differs from academia in many ways that allows it to be completed faster. As stated by some people above I believe finances have a lot to do with it. When a company chooses to move forward on a project they tend to be financially ready to handle the project. They make sure they have the money they want to spend. Many grants are a fixed amount and can be below what the project needs to be completed. The Industry also has a larger managerial background that can increase a company’s ability to correctly time manage and have an outsiders perspective on the project. Industry tends to choose projects that can be completed in a reasonable amount of time and can be brought to market and begin to profit in a reasonable timeline. Academic research is often more focused on knowledge and can allow for longer projects to be investigated.