The business of academic science

gardnerr

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One of the most overlooked aspects of academic science by graduate students and postdocs is the actual cost of conducting science in an academic lab. Before we take a look at what an average molecular biology lab costs to run, it is first best to frame the discussion in terms of running a small business. Academic labs produce a product … research published in the primary literature. This product produces revenue … grant money from various government and private agencies.