I’m a research scientist, but I work in industry right now. So I work for a company, they pay me to do research and their hope is that research will lead to either a new product or an improvement to an existing one.
In academia you’ll be getting your funding from elsewhere. It might be a company, a grant, the government or somewhere else. And funding means money to pay for a variety of things, whether it be new lab equipment, grad students, chemicals, travel to some conference.
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