The Benefits and Challenges of an Industry-Funded PhD

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The Benefits and Challenges of an
Industry-Funded PhD
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• Industry-funded PhDs offer the opportunity to
  pursue your research in a more vocational
  setting, developing excellent transferrable
  skills and providing you with plenty of business
  experience. (BBGV1062021)1. You have to become
  extremely good at time managementWhile every
  PhD will require effective time management, an
  industry-oriented one will be much stricter about
  this. You will likely have stipulations about how
  much time you must spend each week or month
  working with your industry partner or working
  with your university.2. You will have to be the
  bridge between several different groups of
  collaborators and foster good communication
  between themThis is useful for increasing
  communication and organisational skills and also
  gives you far more people with different
  experiences to call upon for help. The downside
  is the difficulty of getting people from
  different industries and professions that all
  have different time commitments to meet in the
  same place at the same time.

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• 3.You will have to learn about a topic or field
  you know relatively little aboutThis point is
  shared with multi-disciplinary PhDs. The vast
  majority of these projects are not purely focused
  on one strict field of research. The positive to
  this is that you will develop yourself further as
  a researcher and be more capable of handling
  different kinds of projects in the future. The
  downside is the difficulty of getting up to speed
  to a high level on a topic you know relatively
  little about.4. There will be some legal and
  patenting restrictions on your workWhile you
  can work on some exciting concepts and explore
  different ideas during an industrial PhD, the end
  goal is still a product that will possibly be
  sold for commercial profit. This provides some
  excellent practical experience (and will
  eventually look great on your CV), but it does
  have its limitations when it comes to sharing
  your research. There are various legal
  protections and intellectual property concerns
  that will limit your publication potential
  compared to a normal doctorate.5. It is
  necessary to focus on the big picture and the
  macro of the projectYou will come to have a
  good understanding of some of the more pragmatic
  aspects of your project and its future
  applications. While more conventional PhDs focus
  strongly on knowledge for knowledges sake,
  important logistical questions should stay at the
  forefront of a students mind when they are
  completing an industrial project.

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  PhD?Contact Us
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