Science: The Unlikely Frontier for New Enterprise Concepts

“Fail quick” has turn into the company innovation mantra, however new analysis means that innovations that construct on science, with its systematic statement and methodical experiments, could ship extra worth to firms.

US patent filings that cite journal articles carry 26 %—or $8.7 million—extra worth to firms than patented innovations developed with out citing scientific analysis, says a paper co-authored by Harvard Enterprise College professor Joshua Lev Krieger, College of Munster professor Martin Watzinger, and Monika Schnitzer, a professor at Ludwig Maximilian College Munich. Grounding innovation in science additionally ends in extra distinctive merchandise. For

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