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Connection Of Chair Business & Science

Business and science influence each other and ensure the further development of both areas. Due to the poor financial situation of public budgets, research funds are only granted to a small extent, so that science is also dependent on other sources of funding. It is, among other things, the economy that promotes and finances research projects.

Furniture business is interested in research

Business is very interested in new research findings, since international competition is pushing companies to come up with new products and innovations. In particular, countries with few raw materials are dependent on the innovative ability of its companies. However, own research in companies own is associated with high costs and risks. Therefore, the economy has a high demand for well-trained researchers as well as quality public universities and research institutions.

At the beginning of a business start-up there is the question of the business idea. The business idea forms the basis and should be based on research.

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How science creates business ideas through research

Science, in turn, can create the basis for new business ideas through research. However, an innovative idea from science alone cannot have commercial success. This requires a well-developed business model that includes concepts for financing and marketing, for example.

It is entrepreneurs who take up innovative ideas from science and, combined with existing business concepts, develop them into a marketable product. For instance, entrepreneurs in the furniture industry are finding new ideas when creating new product. Thus, customers who want to find a high-quality gaming chair can get products that suit their needs.  Companies like Autonomous make ergonomic chairs based on research. This way, they will not only provide new products but comfortable products to their customers.

Entrepreneurship thus ensures that innovative developments from scientific research are transferred to the market.

The relationship between business and science is becoming ever closer, and in times of globalization it is dependent on each other. Companies need innovations from research, and research requires financial resources from companies. In order for an economy to be able to benefit from the findings of research, it needs entrepreneurs who bring innovative ideas to the market with their economic know-how.

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