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Bob Langer Discusses Importance of Understanding Business Jargon

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  • Date Added : 1/25/2011
  • Clip Duration : 0 min. 54 sec.

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Bob Langer

  • Professor, Massachusetts Institute of Technology (MIT)
  • male
  • Caucasian
  • 1948 (Age: 76 years old)
  • Bob Langer - Interview - Science and Startups
  • Video 1 of 20 in this Case
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Biography

Robert S. Langer is the David H. Koch Institute Professor at the Massachusetts Institute of Technology (there are 14 Institute Professors at MIT; being an Institute Professor is the highest honor that can be awarded to a faculty member). Dr. Langer has written over 1,100 articles. He also has approximately 760 issued and pending patents worldwide. Dr. Langer's patents have been licensed or sublicensed to over 220 pharmaceutical, chemical, biotechnology and medical device companies. He is the most cited engineer in history.

He served as a member of the United States Food and Drug Administration's SCIENCE Board, the FDA's highest advisory board, from 1995 -- 2002 and as its Chairman from 1999-2002.

Dr. Langer has received over 180 major awards including the 2006 United States National Medal of Science; the Charles Stark Draper Prize, considered the equivalent of the Nobel Prize for engineers and the 2008 Millennium Prize, the world's largest technology prize. He is the also the only engineer to receive the Gairdner Foundation International Award; 72 recipients of this award have subsequently received a Nobel Prize. Among numerous other awards Langer has received are the Dickson Prize for Science (2002), Heinz Award for Technology, Economy and Employment (2003), the Harvey Prize (2003), the John Fritz Award (2003) (given previously to inventors such as Thomas Edison and Orville Wright), the General Motors Kettering Prize for Cancer Research (2004), the Dan David Prize in Materials Science (2005), the Albany Medical Center Prize in Medicine and Biomedical Research (2005), the largest prize in the U.S. for medical research, induction into the National Inventors Hall of Fame (2006), the Max Planck Research Award (2008) and the Prince of Asturias Award for Technical and Scientific Research (2008). In 1998, he received the Lemelson-MIT prize, the world's largest prize for invention for being "one of history's most prolific inventors in medicine." In 1989 Dr. Langer was elected to the Institute of Medicine of the National Academy of Sciences, and in 1992 he was elected to both the National Academy of Engineering and to the National Academy of Sciences. He is one of very few people ever elected to all three United States National Academies and the youngest in history (at age 43) to ever receive this distinction.

Dr. Langer received his Bachelor's Degree from Cornell University in 1970 and his Sc.D. from the Massachusetts Institute of Technology in 1974, both in Chemical Engineering.

I think what scientists often don't understand, sometimes it's business jargon, sometimes it's business issues, so probably it's good to understand terms like participating preferred shares, what does dilution mean? Those are just things that come up. A lot of times it's not terms so much as just ...(Full transcript available to logged in subscribers.).

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Bob Langer videos

Video 1 of 20 Bob Langer Explains The Role Of the Scientist In A Startup
  • Bob Langer - Interview - Science and Startups
  • 1/25/2011
  • Bob Langer
  • 0 min. 35 sec.
Video 2 of 20 Bob Langer Shares Thoughts on The Best Time to File for a Patent
  • Bob Langer - Interview - Science and Startups
  • 1/25/2011
  • Bob Langer
  • 2 min. 8 sec.
Video 3 of 20 Bob Langer Discusses Whether Scientists Should Become Part Of The Executive Team
  • Bob Langer - Interview - Science and Startups
  • 1/25/2011
  • Bob Langer
  • 0 min. 50 sec.
Video 4 of 20 Bob Langer Discusses Balancing Business Aspects With Academic Life
  • Bob Langer - Interview - Science and Startups
  • 1/25/2011
  • Bob Langer
  • 1 min. 50 sec.
Video 5 of 20 Bob Langer Explains Relationship Between Patenting And Publishing
  • Bob Langer - Interview - Science and Startups
  • 1/25/2011
  • Bob Langer
  • 1 min. 21 sec.
Video 6 of 20 Bob Langer Discusses Importance of Understanding Business Jargon
  • Bob Langer - Interview - Science and Startups
  • 1/25/2011
  • Bob Langer
  • 0 min. 54 sec.
Video 7 of 20 Bob Langer Discusses Team Building In The Lab And In Business
  • Bob Langer - Interview - Science and Startups
  • 1/25/2011
  • Bob Langer
  • 0 min. 59 sec.
Video 8 of 20 Bob Langer Shares Example Of Technology Transfer At MIT
  • Bob Langer - Interview - Science and Startups
  • 1/25/2011
  • Bob Langer
  • 3 min. 42 sec.
Video 9 of 20 Bob Langer Discusses Benefits Of Technology Flowing Back To The University
  • Bob Langer - Interview - Science and Startups
  • 1/25/2011
  • Bob Langer
  • 2 min. 27 sec.
Video 10 of 20 Bob Langer States Companies Often Evolve Differently Than Expected
  • Bob Langer - Interview - Science and Startups
  • 1/25/2011
  • Bob Langer
  • 1 min. 25 sec.
Video 11 of 20 Bob Langer Discusses There Are No Hard Rules To Dividing Equity
  • Bob Langer - Interview - Science and Startups
  • 1/25/2011
  • Bob Langer
  • 0 min. 40 sec.
Video 12 of 20 Bob Langer Shares Example Of A Typical Funding Pathway
  • Bob Langer - Interview - Science and Startups
  • 1/25/2011
  • Bob Langer
  • 1 min. 23 sec.
Video 13 of 20 Bob Langer States Science Does Not Receive Attention That It Should
  • Bob Langer - Interview - Science and Startups
  • 1/25/2011
  • Bob Langer
  • 1 min. 34 sec.
Video 14 of 20 Bob Langer States Success Of A Company Is Determined By Its People
  • Bob Langer - Interview - Science and Startups
  • 1/25/2011
  • Bob Langer
  • 3 min. 6 sec.
Video 15 of 20 Bob Langer Shares Views On Interacting With People
  • Bob Langer - Interview - Science and Startups
  • 1/25/2011
  • Bob Langer
  • 0 min. 46 sec.
Video 16 of 20 Bob Langer Shares Thoughts on Managing A Tech Transfer Office
  • Bob Langer - Interview - Science and Startups
  • 1/25/2011
  • Bob Langer
  • 2 min. 24 sec.
Video 17 of 20 Bob Langer States There Are No Certainties In Business
  • Bob Langer - Interview - Science and Startups
  • 1/25/2011
  • Bob Langer
  • 1 min. 14 sec.
Video 18 of 20 Bob Langer States There Is No Single Measure Of Success
  • Bob Langer - Interview - Science and Startups
  • 1/25/2011
  • Bob Langer
  • 0 min. 47 sec.
Video 19 of 20 Bob Langer Discusses Surprise That His Innovations Have Moved From The Lab To Business
  • Bob Langer - Interview - Science and Startups
  • 1/25/2011
  • Bob Langer
  • 0 min. 54 sec.
Video 20 of 20 Bob Langer Recommends Entrepreneurs Should Be Careful About Over-Pitching An Idea
  • Bob Langer - Interview - Science and Startups
  • 1/25/2011
  • Bob Langer
  • 1 min. 13 sec.

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