Think of this as Volume 18, Number 37 of the newsletter I have written weekly since March, 1997. Enjoy.
My son is now the same age I was in 1978. He’s 23. His ambition is to become a scientific researcher. He will get his biology degree next spring and is looking for a graduate program. (If you want a German-Irish Atlantan who can speak to your Chinese and Arabic-speaking grad students, drop a line.)
Until recently I naively figured there was no way he’d run into the same kind of business model problem, and intransigence, I did in my life. I was wrong.
As a recent NPR piece showed biomedical researchers are addicted to a single business model, applying for (and somehow getting) government grants to support basic research. This is unreliable. It leads to boom-and-bust cycles that destroy careers.
The answer lies in new business models.