Scientists Learn Tricks of Trade, Marketing In Business Incubators

These organizations help startups get assembled and launched by easing the pressures that can cause early failures Jason Lieu, an applied mathematician, had big plans for a computer system he had designed to model telecommunications and computer networks. So he quit a high-level job as a technical director at ITT Inc. in New York in 1984 and went into business for himself. The first few years were tough. Hardly anyone wanted to buy his invention. Luckily for him, Lieu had located his company

| 9 min read

Register for free to listen to this article
Listen with Speechify
0:00
9:00
Share

The first few years were tough. Hardly anyone wanted to buy his invention. Luckily for him, Lieu had located his company at Science Park, a New Haven, Conn., business development designed to help scientists become entrepreneurs. Lieu credits the organization, known as a business "incubator," with helping to keep his fledgling firm from going under for the past six years, and although his company has yet to turn a profit; sales are picking up. "When I started I thought I was a scientist," he says. "Now I am a businessman and I see that profitability is the true challenge. The incubator was a cocoon where I was transformed from a scientist into a businessman."

Each year organizations like the one Lieu joined are helping more scientists avoid the economic perils that plague most first-time business people. When Lieu opened his company, General Network Services Inc., there were 53 business incubators ...

Interested in reading more?

Become a Member of

The Scientist Logo
Receive full access to digital editions of The Scientist, as well as TS Digest, feature stories, more than 35 years of archives, and much more!
Already a member? Login Here

Meet the Author

  • Diana Morgan

    This person does not yet have a bio.

Published In

Share
May digest 2025 cover
May 2025, Issue 1

Study Confirms Safety of Genetically Modified T Cells

A long-term study of nearly 800 patients demonstrated a strong safety profile for T cells engineered with viral vectors.

View this Issue
iStock

TaqMan Probe & Assays: Unveil What's Possible Together

Thermo Fisher Logo
Meet Aunty and Tackle Protein Stability Questions in Research and Development

Meet Aunty and Tackle Protein Stability Questions in Research and Development

Unchained Labs
Detecting Residual Cell Line-Derived DNA with Droplet Digital PCR

Detecting Residual Cell Line-Derived DNA with Droplet Digital PCR

Bio-Rad
How technology makes PCR instruments easier to use.

Making Real-Time PCR More Straightforward

Thermo Fisher Logo

Products

fujirebio-square-logo

Fujirebio Receives Marketing Clearance for Lumipulse® G pTau 217/ β-Amyloid 1-42 Plasma Ratio In-Vitro Diagnostic Test

The Scientist Placeholder Image

Biotium Launches New Phalloidin Conjugates with Extended F-actin Staining Stability for Greater Imaging Flexibility

Leica Microsystems Logo

Latest AI software simplifies image analysis and speeds up insights for scientists

BioSkryb Genomics Logo

BioSkryb Genomics and Tecan introduce a single-cell multiomics workflow for sequencing-ready libraries in under ten hours