Entrepreneurship in Science

I was browsing the internet the other day and saw a link for “Grants to Encourage Entrepreneurship in Science and Technology for Women”.  Being a woman in science and a new entrepreneur, I decided to click on the link.  What it took me to was a slightly informative, and incredibly self-serving article in Forbes written by the United States Chief technology Officer, Todd Park.  The title was “What Efforts Has President Obama Made While In Office To Encourage Entrepreneurship And Innovation?”  I read on hoping to get to the part that is specific to women entrepreneurs in science…

“Promoting high-growth entrepreneurship” where I learned that the Administration has committed to match $2 billion private investments in high growth companies, is trying to make it easier for graduates to manage their student loans, and is taking credit for Startup America Partnership connecting startups with private-sector funding.  Why is our government so interested in funding startups?  As someone heavily invested in a startup, I think it is great, but as a taxpayer I think that there are several other places that you can go to fund a startup, such as angel investor groups, the bank, and other private-sector funding/grants.  Our country is in enough debt.  Let’s put our capitalistic roots to good practice.  Dreams can and do come true in America, but it is not the government’s job to supply us with the seed money.

Under “Helping accelerate technology breakthroughs” I learned about the Obama Administration’s advancements in space exploration…umm, aren’t we moving away from NASA and towards privatization of space exploration? 

Finally, we are starting to get into the research part…apparently, “President Obama has implemented the largest increase in federally funded research and development in history”.  Wow, I am really glad to hear that!  Just one question…Does anyone know any scientists in the US that thinks it is actually easier to get funding or that there is more money available for research???  We would love to hear from you.

Sadly, there was nothing on opportunities for women entrepreneurs in science.

The article also reiterates the Administration’s stance on science and technology and that more people need to go into science.  In the next decade they plan to have an additional 100,000 science, technology, engineering, and mathematics (STEM) teachers and graduate 10,000 more engineers every year.  However, the article did not acknowledge that if you do decide to pursue the STEM path that it is going to be hard to get a position in academia and the funding that is often required to obtain said position.  Leaving the other main option of going into industry where the positions are also scarce due to outsourcing and downsizing.  Maybe that is why the article focuses on entrepreneurs.  With the overabundance of highly educated and specialized STEM workers, we are going to need to be able to fabricate our own jobs. 

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About Erin Hascup

Erin graduated with her B.S. in Biochemistry from Hobart and William Smith Colleges in 2001 and went on to conduct research at Los Alamos National Laboratory. Erin returned to school and obtained a PhD in Anatomy and Neurobiology from the University of Kentucky in 2007. She completed postdocs at the Karolinska Institute and McGill University. Erin currently works at Southern Illinois School of Medicine and is co-founder of RateMyPI.com. Follow Erin on Twitter @RuthiePhD.
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2 Responses to Entrepreneurship in Science

  1. erinhascup says:

    Abebe, thank you for your comment. I completely agree that entrepreneurship should be based on merit and not your background. I just think that the link was a little false advertising. However, we have different opinions on where our tax dollars should go. When as a country we are so far in debt, I would prefer that our tax dollars went to reducing our debt, not to funding things, such as entrepreneurs, that have significant other sources of funding.
    Again, thank you for the comment and stimulating discussion!

  2. Abebe Haregewoin says:

    I am a little surprised that the author feels that there was…nothing on opportunities for women enterepreneurs in science…..how about minorities, the disabled etc…in this day and age entrepreneurship should be based on the soundness of ideas and the absolute abolition of bias in the sponsorship process rather than resources allocated for special populations simply because they were historically underserved. The author also blames the government for somehow meddling in the enterprise of science by providing seed money. Where does she feel it is appropriate to spend the public’s money. In pointless wars and military build up? It is indeed the governments job to encourage both the enterprises of science and entrepreneurship.

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