Private company’s contribution is of vital importance for developing research initiatives in recent years. However, this has to face criticism due to the growing concern that science would be abused by opportunists. Despite some setbacks, the significant advantages of private companies’ participation in scientific research are indisputable.
The rise of researches carried out by private companies is a facilitator of science development, which can revolutionize human lives. It should be noted that private companies are generous sponsors that invest tremendous capital for scientific experiments.
Therefore, scientists are provided with sufficient technical conditions, from experimental environments to scientific tools and necessary materials, thus having better performance. Especially in some developing countries, the involvement of private companies is recommended in order to reduce the burden of the government in funding large scale construction programs.
In addition, private companies intervention is essential as it would take advantage of research quickly and accelerate economic development. There is no doubt that private companies are profit-driven.
Consequently, not only are scientific research’s applications released quickly but they are also suitable for the consumer’s preferences. Some related industries also receive benefits. For example, with the continuous introduction of new technology by big companies like Apple and Samsung, smartphone prices have become cheaper.
This stimulates the consumption of mobile phones as well as telecommunication services.
As suggested above, the intervention of private companies in scientific research can strengthen the advancement in science and the economy.
The effort to encourage this participation will pay off soon. But another problem that occurs here is that in modern times people have thousands of opportunities but still, people in Balochistan are unemployed.