New scientific knowledge mainly comes from university and government laboratories, not private firms, because
large corporations do not have funds available to channel toward basic research.
government pays scientists higher salaries than do private firms.
entrepreneurs find it difficult to secure venture capital to finance innovation.
basic scientific principles, as such, cannot be patented and do not always have commercial applicability.

Question

shesbabyj983 shesbabyj983

30-11-2022
Business

contestada

New scientific knowledge mainly comes from university and government laboratories, not private firms, because
large corporations do not have funds available to channel toward basic research.
government pays scientists higher salaries than do private firms.
entrepreneurs find it difficult to secure venture capital to finance innovation.
basic scientific principles, as such, cannot be patented and do not always have commercial applicability.

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shomerajeshwari90 shomerajeshwari90 · Answer 1 · 2022-12-02T22:03:24+01:00

New scientific knowledge mainly comes from university and government laboratories, not private firms because basic scientific principles, as such, cannot get patent and do not always have commercial applicability.

A patent is a property right that a government has granted to an inventor. In exchange for a thorough disclosure of the idea, this grant gives the inventor temporary exclusivity so over patented method, idea, or creation. They represent a type of intangible right.

An invention is a product or a technique that, in general, provides a brand-new way to perform a task or provides a novel technical workable solution. A patent is an exclusive right awarded for an invention. Technical details concerning the idea must be publicly disclosed in a patent filing in order to obtain one.

Learn more about patent here:

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