Innovation and Entrepreneurship in Biotechnology, An International Perspective : Concepts, Theories and Cases

The biotechnology industry across the globe is growing dramatically in line with rapidly emerging scientific and technological developments. This book explores both the theoretical and practical aspects of entrepreneurship in the biotechnology industry, focusing on the innovation processes underpinning success for new biotechnology firms (NBFs). It argues that biotechnology is at a crossroads: to date the science has been solid, yet commercial success remains elusive, and that it will be the commercial success of NBFs which will dictate the long term viability of this crucial industry.The authors go on to examine the roles played by both entrepreneurship and innovation in the competitiveness of biotechnology companies through a focus on: intellectual property strategies, product development, valuing biotechnology ventures, funding innovation and R&D, alliances and networking, changing industry structures evidenced through the shifting value chain and the impact of globalization on the changing industry and organizational life cycles. International case studies with a focus on human biosciences support the important theoretical developments at the heart of this book.Innovation and Entrepreneurship in Biotechnology offers original and valuable insights to researchers, academics and students as well as to practitioners involved with innovation and entrepreneurship in the field of biotechnology. The biotechnology industry across the globe is growing dramatically in line with rapidly emerging scientific and technological developments. This book explores both the theoretical and practical aspects of entrepreneurship in the biotechnology industry, focusing on the innovation processes underpinning success for new biotechnology firms (NBFs). It argues that biotechnology is at a to date the science has been solid, yet commercial success remains elusive, and that it will be the commercial success of NBFs which will dictate the long term viability of this crucial industry. The authors go on to examine the roles played by both entrepreneurship and innovation in the competitiveness of biotechnology companies through a focus intellectual property strategies, product development, valuing biotechnology ventures, funding innovation and R&D, alliances and networking, changing industry structures evidenced through the shifting value chain and the impact of globalization on the changing industry and organizational life cycles. International case studies with a focus on human biosciences support the important theoretical developments at the heart of this book. Innovation and Entrepreneurship in Biotechnology offers original and valuable insights to researchers, academics and students as well as to practitioners involved with innovation and entrepreneurship in the field of biotechnology. Contents......Page 6 Acknowledgements......Page 7 Abbreviations......Page 8 1. Introduction: innovation and entrepreneurship......Page 10 2. Entrepreneurship in the biotechnology context......Page 28 3. Innovation and R&D management......Page 43 4. Funding innovation in biotechnology companies......Page 69 5. Intellectual assets I – intellectual capital in biotechnology firms......Page 92 6. Intellectual assets II – intellectual gravity and managing IP in biotechnology firms......Page 112 7. The cycle game I – product life cycle, R&D cycle and organizational life cycle......Page 141 8. The cycle game II – business, market and industry cycles......Page 163 9. Public policy, regulatory and ethical challenges facing the entrepreneurial biotechnology firm......Page 183 10. The biotechnology value chain......Page 193 11. Biotechnology industry and firm structures......Page 206 12. Product development and innovation diffusion......Page 226 13. Biotechnology industry growth models: an international perspective......Page 247 Index......Page 266 "The biotechnology industry across the globe is growing dramatically in line with rapidly emerging scientific and technological developments. This book explores both the theoretical and practical aspects of entrepreneurship in the biotechnology industry, focusing on the innovation processes underpinning success for new biotechnology firms (NBFs). It argues that biotechnology is at a crossroads: to date the science has been solid, yet commercial success remains elusive, and that it will be the commercial success of NBFs which will dictate the long term viability of this crucial industry."--Jacket

the Biotechnology Industry Across The Globe Is Growing Dramatically In Line With Rapidly Emerging Scientific And Technological Developments. This Book Explores Both The Theoretical And Practical Aspects Of Entrepreneurship In The Biotechnology Industry, Focusing On The Innovation Processes Underpinning Success For New Biotechnology Firms (nbfs). It Argues That Biotechnology Is At A Crossroads: To Date The Science Has Been Solid, Yet Commercial Success Remains Elusive, And That It Will Be The Commercial Success Of Nbfs Which Will Dictate The Long Term Viability Of This Crucial Industry.