4 Reasons Why Science PhDs Should Get Into Startups

Science-focused PhD holders are in a great position to found a high-tech startup today. At least, that’s the thesis of an in-depth and convincing blog post from the NatureJobs blog.

There, Dr Mark Hammond, one of the founders at Deep Science Ventures, lists a series of reasons why higher degrees in science qualify one for a grueling startup cycle. Here’s a condensed version of the reasons.

1: They Rely on the Same Skills

Start-ups demand endurance, just like science PhDs. Also elements in common:

“[T]he creativity to think about things beyond current knowledge, to build empathy with other stakeholders, the ability to tell a good story, the ability to excel at something that virtually no one else does, and finally the discipline to take an iterative, hypothesis-led approach.”

2: Cost for Science Startups Is Low

Traditionally, tech startups are great for low-cost initiatives, thanks to rapid growth and cloud software as a service. Now science startups are low cost as well: “Experiments [will soon] become automated by a combination of AI and data-driven approaches alongside robotic platforms such as Transcriptic and SynbiCITE. Even animal labs are emerging in the cloud.”

3: Sweet, Sweet Grant Money

Grants mentioned in the article:

“In the UK virtually all of the research councils (BBSRCEPSRC and WellcomeNIHR) and most of the Royal Academies (RAEngRSC) provide grants as well as the Government (Innovate UK). Science Mag provides a huge list of US grant options including translational grants, and the Horizon 2020 and  Knowledge and innovation Centres (KICs) are key in the EU.”

4: VCs Are Increasingly Interested In Science Startups

A16Z, Horizon Ventures, Breakout Labs, FlagShip ventures, YCombinator, and Imperial Innovations all make the list of investors interested in capitalizing on the potential behind science-based, and science/tech hybrid, startups. It’s a big shift from the past few years, but it’s not slowing down anytime soon.

Image: Wikimedia

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Written by:
Adam is a writer at Tech.co and has worked as a tech writer, blogger and copy editor for more than a decade. He was a Forbes Contributor on the publishing industry, for which he was named a Digital Book World 2018 award finalist. His work has appeared in publications including Popular Mechanics and IDG Connect, and his art history book on 1970s sci-fi, 'Worlds Beyond Time,' is out from Abrams Books in July 2023. In the meantime, he's hunting down the latest news on VPNs, POS systems, and the future of tech.
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