Download e-book for kindle: Biotechnology in Comparative Perspective (Studies in Global by Gerhard Fuchs

By Gerhard Fuchs

ISBN-10: 0415283434

ISBN-13: 9780415283434

The biotechnology is a really very important area within the built world's economies. This e-book, 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 fascinating e-book covers such subject matters as:
* the function of small corporations in US biotechnology clusters
* geographic clustering within the UK
* case stories related to the sectors in a cross-section of eu companies
With such overseas contributions, this ebook might be of curiosity to scholars and teachers inquisitive about commercial association, Innovation reviews and company association. not just that, pros with an curiosity in overseas enterprise also will locate this to be a really invaluable learn.

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Extra resources for Biotechnology in Comparative Perspective (Studies in Global Competition, 16)

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Two-thirds of them have fewer Small firms in US biotechnology clusters 25 than fifty employees. All but twenty of these companies are ‘unencumbered by revenues’ (Rosenberg 1999). ’ In order to understand biotechnology enterprises, it is essential to understand the scientists that start these enterprises. This is because the biotechnology firms are an extension of the scientific knowledge and competence embodied in those firms. Audretsch and Stephan (1999) use a data base drawn from the prospectuses of sixty firms that made an initial public offering (IPO) in biotechnology during the period March 1990 to November 1992 to examine the sources and incentives for commercialising new knowledge.

Scientists in academe, however, face a different incentive structure. They live in a world where publications are essential for the establishment of reputation. Early in their careers they invest heavily in human capital in order to build a reputation. In the later stages of their career, scientists may trade or cash in on this reputation for economic returns. A variety of avenues are available to do this, including the establishment of a new firm. The data suggest that this cashing out pattern is determined in part by eminence.

30 David B. Audretsch There is compelling evidence that the SBIR program has had a positive impact on developing the US biotechnology industry. The benefits have been documented (Audretsch et al. 2000) as follows: • • • • The survival and growth rates of SBIR recipients have exceeded those of firms not receiving SBIR funding. The SBIR induces scientists involved in biomedical research to change their career path. By applying the scientific knowledge to commercialisation, these scientists shift their career trajectories away from basic research towards entrepreneurship.

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Biotechnology in Comparative Perspective (Studies in Global Competition, 16) by Gerhard Fuchs

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