Entrepreneurial Projects that Started in the Lab

Most of the inventions and innovative ideas can be attributed to science and engineering discoveries. In fact, if it were not for such discoveries, the world would not be as advanced as it is now. There are numerous life changing technologies and concepts that can be traced back to scientists and engineers who relentlessly spent hours in the lab, carrying out tests and trying to come up with new ways to improve human life. Such discoveries lead to the development of new life changing gadgets and systems. With the right management and entrepreneurial skills, they can be turned into multimillion enterprises.

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Scientific discoveries are not easy to make. They require extensive research and know-how in the concerned field. The research equipment must be top class and the researchers competent enough to use the equipment and follow the designated research procedures. Moreover, there must be a well-coordinated chain of command, so as to ensure data and information is not misappropriated. All these things need extensive funding. So, before proceeding, it is important to ascertain whether the results from the research will be worth all the effort and investment. The same applies to engineering projects.

There are numerous companies that started as a result of certain science or engineering based discoveries. Some of them are worldwide recognized companies. As it turns out, investing on such discoveries is always a profitable venture. This is because the innovations quickly capture the market; since they offer the consumer a new, easier and better way of accomplishing certain tasks or functions. Here are some examples of entrepreneurial projects that began this way.

3D Filming

3D filming is a concept that amazes many people. As much as guys are entertained by it in the cinemas and in their living rooms, most tend to wonder how the whole concept came into being. Well, despite what many people think, 3D filming began in the early 1950s. However, it required very expensive hardware, which made it impossible to commercialize. In fact, it wasn’t until the early 2000s that 3D filming was successfully brought into the market by several filming companies. This was largely due to affordability of the hardware. TV companies are also ripping profits from this technology, by creating TV sets with 3D capabilities.

Genetic Engineering

The discovery of genetic engineering has been a great breakthrough in the agriculture and medicine field. It was invented in 1973 by Stanley Cohen and Herbert Boyer. Since then, it has been used in cloning and genetically modifying crops and domestic animals. Many agricultural produce companies have adopted genetic modification in order to improve their crop and animal yield hence improving sales and ensuring adequate supply of food to the consumers.

Nowadays, most people own a computer. It is a gadget that many people rely on. However, not all understand its origin. Well, the computer was first built in 1941. Since then, it has been improved gradually, with the development of new, better electronic components. However, it was in the late 1980s that the computer was fully commercialized. Now there are numerous companies that manufacture computers and other related components for consumers.

The Internet is another great discovery that has revolutionized the world. It has literary converted the globe into one small village. Many companies take advantage of this discovery. They make money through advertisement and offering specific online services.

There are many more science and engineering projects that have been converted into successful entrepreneurship projects. Due to this reason, so much effort and money is being invested into research programs. This way, companies can get new ideas and products to satisfy the clients.

About the Author: Joshua Turner is a writer who creates informative articles in relation to business. In this article, he describes a few projects that arose from technical breakthroughs and aims to encourage further study with a bachelors in clinical laboratory science.