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Asked by EvanG24 to Dominic, Maedeh, Matthew, Matt, Monica on 11 Mar 2016.
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Monica Rozeik answered on 11 Mar 2016:
Ideally if I can, nothing. There are a lot of things that are open source. That means it’s freely available to the public. A lot of universities are starting to do that with articles we write so you don’t need a subscription to read them.
That’s not really possible with devices though, because a lot of money goes into buying materials, peoples time and testing etc. So I’d say, enough to make a profit to use that money to make more medical devices.
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Dominic Eggbeer answered on 11 Mar 2016:
I give most of what I do away in the form of publications so other can copy, learn and improve upon them. Some things I have to sell so my department can make enough money to stay open, but that is only after we have given the ideas away (not a great business model really!).
I think it was the owner of Tesla (who make the electric sports cars) who said recently that he gives all of his companies ideas away, using the analogy that if you’re on a ship that is sinking (referring to the planet) with lots of other passengers and you have a good idea on how to stop it sinking, you’d tell as many people as you could rather than drown. Whether that’s a genuine quote from him or not I like the sentiment.
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Matthew Oldfield answered on 14 Mar 2016:
It’s difficult to choose between giving it away for free to help as many people as possible or selling it so that I could make a lot of money. I’d like the money so that I could relax a bit!
I think I would like to invent something that becomes totally normal in everyday life and used by billions of people. Then I would give it away for free. If only a few rich people could use my invention, then I would make them pay and try to do something good with their money – either invest it in more science or even give it (as much as possible anyway) to charity.
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