Why Arctic business development needs science — and vice versa

Conversations convened by the International Arctic Science Committee found recurring themes of shared interest between researchers, entrepreneurs and local communities.

As access to Arctic regions increases so does business activity, as industries explore potential opportunities in resource extraction, technology, services, and infrastructure. Scientific studies are essential precursors to reduce the risks associated with investments on the frontiers of new opportunities. And new technologies developed for applications in extreme, remote regions have enabled private enterprise to push profitable ventures far beyond what once appeared to be the limit of secure investments. In these ways, science can facilitate business — while business can also facilitate science, whether through financing, sharing of equipment or resources, or direct collaboration.