Biotechnology in Comparative Perspective (Routledge Studies by Gerhard Fuchs

By Gerhard Fuchs

The biotechnology is a very very important area within the constructed world's economies. This ebook, with contributions from a world array of specialists, explains why biotechnology businesses in several nations focus in a small variety of destinations and what debts for the good fortune a few of these businesses then move directly to have.
This attention-grabbing booklet covers such subject matters as:
* the function of small companies in US biotechnology clusters
* geographic clustering within the UK
* case experiences regarding the sectors in a cross-section of eu companies
With such overseas contributions, this publication might be of curiosity to scholars and lecturers eager about commercial association, Innovation stories and company association. not just that, pros with an curiosity in foreign enterprise also will locate this to be a truly precious learn.

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Most of these efforts revolve around transferring the knowledge out of universities via new-firm startups, most typically involving technology transfer programs and technology parks. As Blakely et al. (1993: 12) point out: State and regional policy makers are taking advantage of the lessons learned from the micro-electronics experience and applying them in recent attempts to revitalise the declining industrial areas with new technologies. Unlike traditional approaches to economic development that are aimed at luring high-technology firms from their established bases, states are becoming increasingly sophisticated in their approach to economic development through biotechnology.

Scientists whose primary function is to signal quality are also less likely to be local than are scientists who provide essential knowledge to the firm. Their quality signal is produced by lending prestige to a venture they have presumably reviewed – a task that can be accomplished with credibility from a distance. To identify the links between knowledge sources, the incentives confronting individual scientists, and where the knowledge is commercialised, Audretsch and Stephan (1996) rely upon a data base collected from the prospectuses of biotechnology companies that prepared an initial public offering (IPO) in the United States between March 1990 and November 1992.

5 million. To close this gap, biotech firms have engaged in a broad range of marketing and licensing agreements. Under these agreements, the biotech firm provides access to cutting-edge technology in exchange for an infusion of capital from their corporate partners. ’ The obvious advantage of such a strategic alliance is that it enables a small, new company to concentrate on its core mission – moving from basic research to commercialisation through technological innovation. The strategic alliance also enables the biotech company to reduce financial risks as well as operating costs.

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