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Growth Dynamics in the Biomedical/Biotechnology System

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  • Cetindamar, Dilek
  • Laage-Hellman, Jens

Abstract

This article aims to understand the dynamics of growth in the biomedical/biotechnology system that consists of a variety of actors ranging from universities, medical supplies firms, and drug research firms, to clinical service suppliers. Based on a comparative study made in Ohio and in Sweden, we have analyzed three main factors: technology competencies, technology transfer, and networking capabilities. Our findings show a set of differences that can be grouped into two categories, viz. management and agglomeration externalities. Differences in management appear at three points: the resources allocated to technological competence development, managerial skills in the technology transfer phase, and the use of technology councils. Ohio seems to offer a better environment for starting up new firms and enabling these firms to successfully commercialize their technological assets. The agglomeration externalities that make a difference between the two regions might be grouped into two categories: increasing returns arising from network externalities and the advantages of networking with a variety of supporting organizations in the system. Copyright 2003 by Kluwer Academic Publishers

Suggested Citation

  • Cetindamar, Dilek & Laage-Hellman, Jens, 2003. "Growth Dynamics in the Biomedical/Biotechnology System," Small Business Economics, Springer, vol. 20(4), pages 287-303, June.
  • Handle: RePEc:kap:sbusec:v:20:y:2003:i:4:p:287-303
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    Cited by:

    1. van Rijnsoever, Frank J., 2020. "Meeting, mating, and intermediating: How incubators can overcome weak network problems in entrepreneurial ecosystems," Research Policy, Elsevier, vol. 49(1).
    2. Chok, Jay Inghwee, 2009. "Regulatory dependence and Scientific Advisory Boards," Research Policy, Elsevier, vol. 38(5), pages 710-725, June.

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