The 21st century is led by innovation and scientific research and development is the backbone of most of the innovations and inventions. Many people believe that scientific research should majorly be funded by government bodies, whereas some others believe commercial companies can also fund the research and development projects. I strongly believe that anybody who has the means can fund scientific research, be it the government bodies, private or public companies, etc.
There are still a lot of problems around the globe that needs to be solved through science and technology. The human race needs all the money and effort required to solve these challenges. In such a scenario, limiting the research to only government bodies becomes a bottleneck to solve the problems of the world. Public and private companies have a lot of resources at their disposal and if those resources can be utilised to solve the challenges we face today via scientific innovations, we should definitely utilize them. A recent example is how Bill and Melinda Gates Foundation using private funds solved the toilet problems of many countries of Africa by inventing self sustaining toilets.
Commercial companies have expertise in their respective domains and when they led the research and development in their respective domains better results can be achieved. Governments even though has various state and federal bodies, their primary functions is people welfare and taking care of the basic necessities of their people. So for many governments it’s many a times next to impossible to go niche in any specific area for scientific research. Recently the Indian government wanted to roll out biometric identification for its citizens, however, they were only able to achieve it with appropriate support from Tata Consultancy Services which is a public company with the means and technology to implement it.
To conclude, in the above essay I highlighted how scientific studies can benefit from the resources of commercial companies. For the reasons mentioned above, I strongly believe that not only governments, but public and private companies should also fund scientific research and development.
The 21st century
is led
by innovation and
scientific
research
and
development
is the backbone of most of the innovations and inventions.
Many
people
believe
that
scientific
research
should
majorly
be funded
by
government
bodies
, whereas
some
others
believe
commercial
companies
can
also
fund
the
research
and
development
projects. I
strongly
believe
that anybody who has the means can
fund
scientific
research
, be it the
government
bodies
,
private
or
public
companies
, etc.
There are
still
a lot of
problems around the globe that needs to
be solved
through science and technology. The human race needs all the money and effort required to solve these challenges. In such a scenario, limiting the
research
to
only
government
bodies
becomes a bottleneck to solve the problems of the world.
Public
and
private
companies
have
a lot of
resources at their disposal and if those resources can be
utilised
to solve the challenges we face
today
via
scientific
innovations, we should definitely
utilize
them. A recent example is how Bill and Melinda Gates Foundation using
private
funds solved the toilet problems of
many
countries of Africa by inventing
self sustaining
toilets.
Commercial
companies
have expertise in their respective domains and when they led the
research
and
development
in their respective domains better results can
be achieved
.
Governments
even though
has various state and federal
bodies
, their primary functions is
people
welfare and taking care of the
basic necessities
of their
people
.
So
for
many
governments
it’s
many
a times
next
to impossible to go niche in any specific area for
scientific
research
. Recently the Indian
government
wanted to roll out biometric identification for its citizens,
however
, they were
only
able to achieve it with appropriate support from Tata Consultancy Services which is a
public
company
with the means and technology to implement it.
To conclude
, in the above essay I highlighted how
scientific
studies can benefit from the resources of commercial
companies
. For the reasons mentioned above, I
strongly
believe
that not
only
governments
,
but
public
and
private
companies
should
also
fund
scientific
research
and
development
.