He joined the patent office immediately rather than pursuing a postdoctorate in pure research.
Today, there are few pure research outfits like DLJ was then (it, too, is into investment banking now).
Indeed, one arm of Intellectual Ventures is focused on pure research.
Rather it is the practice of focused interaction on problems from different approaches through applied research, as well as investigating ideas for pure research purposes.
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He was also determined to use a stem-cell based approach: By marrying what he did in industry with what he wanted to do in pure research, to pursue drug discovery and small molecules.
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Private labs like Merck's are finding they need to have a deeper understanding of the diseases they are trying to cure and therefore need to do more of the pure research that has previously been the domain of universities.
Such research also represents a healthy half-step between pure academic research and for-profit development.
It is probably fair to say that deep-sea research today is equally important to both pure and applied research, since the discovery of new species not only nurtures basic knowledge but is also likely to lead to the identification of new chemicals, which in turn tend to lead to new applications and new economic markets.
It was a big step away from pure, basic research, sniffed some dons, but Friend argued it was the best way to drive his technology to market and fund improvements in the basic science along the way.
What if entrepreneurs short-circuit the quest for pure knowledge--that is, pull the technology out before the research is over?
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