Biotechnology in Comparative Perspective (Studies in Global by Gerhard Fuchs

By Gerhard Fuchs

The biotechnology is a very very important region within the constructed world's economies. This e-book, with contributions from a global 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 pass directly to have.
This attention-grabbing booklet covers such issues as:
* the function of small companies in US biotechnology clusters
* geographic clustering within the UK
* case reviews concerning the sectors in a cross-section of eu companies
With such foreign contributions, this e-book should be of curiosity to scholars and lecturers keen on commercial association, Innovation stories and company association. not just that, execs with an curiosity in overseas company also will locate this to be a truly beneficial learn.

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

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Partnership, therefore, has been a major theme of the biotechnology story – partnership between government, industry, and universities. Much of the technology commercialised by industry was developed in the university setting using NIH grants. 6 billion, with projected strong growth. This is essentially a doubling of NIH funding within a decade, and Congress doubled again the budget of NIH for the following 5-year period. The NIH has steadily expanded its support of biotechnology start-ups. For example, in 1998, NIH and private companies entered into 166 cooperative research and development agreements (Cards), which allow for the sharing of compounds and other research materials and results, as well as for the exchange of funds.

Geroski (1995) makes the point that entry rates are far higher than market penetration rates; the survival rates of most entrants is low. Our database was a survival database: it is a register of all companies which had survived until 1991. There is no record here of companies that were founded but had failed or been swallowed up before 1991. In other words, the data represent a snapshot of the industry in 1991. However, as survival is a feature we want to capture, and as we want the cluster pattern to reflect stable firms that have grown and survived rather than the more ephemeral population of those that entered and exited, we have not been too worried by this feature.

In an assessment of the state’s approach to economic development through biotechnology, the California State Senate Office of Research concluded: The strategies that states are employing in the pursuit of biotechnol- Small firms in US biotechnology clusters 31 ogy are a good deal more sophisticated and better funded than the past economic development strategies, which have been, more often than not, marketing efforts designed to encourage firms to locate new production facilities in their states. (Blakely et al.

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