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.
Author(s): Damian Hine, John Kapeleris
Publisher: Edward Elgar Publishing
Year: 2006
Language: English
Pages: 269
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
