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How Can We Reap the Fruits of Academic Research in Biotechnology? in Search of Critical Success Factors in Policies for New-Firm Formation

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  • Marina van Geenhuizen

    (Faculty of Technology, Policy and Management, Delft University of Technology, PO Box 5015, 2600 GA Delft, The Netherlands)

Abstract

There is often a gap between the creation of knowledge and the use of new knowledge in the economy, a situation which has pushed many governments to establish programmes for knowledge transfer and new-firm formation. I examine the initiatives taken by the government in the Netherlands to advance new-firm formation in biotechnology. Drawing on experience in entrepreneurship—its institutional setting in general, and more specifically on developments in biotechnology start-ups—I aim to identify critical success factors for this policy. The policy seems promising in covering all development stages of start-up firms and in using a network approach—with implementation by an intermediary organisation as a solution for coordination problems. The low popularity of entrepreneurship, including some negative regulatory factors in biotechnology, and the danger of the policy focusing on the top innovative start-ups are threats to success. Other threats may be a fragmentation of ferees and a narrow focus on a national situation rather than cooperation with adjacent countries. I suggest a number of critical success factors that can be used in policies to enhance new-firm formation in biotechnology, and indicate some lines for further research.

Suggested Citation

  • Marina van Geenhuizen, 2003. "How Can We Reap the Fruits of Academic Research in Biotechnology? in Search of Critical Success Factors in Policies for New-Firm Formation," Environment and Planning C, , vol. 21(1), pages 139-155, February.
    • Handle: RePEc:sae:envirc:v:21:y:2003:i:1:p:139-155
    DOI: 10.1068/c0133
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    References listed on IDEAS

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    1. Jacqueline Snijders & Joris Meijaard & Elisabeth Garnsey & Sander Baljé & Pieter Waasdorp, 2001. "Entrepreneurship in the Netherlands; New economy: new entrepreneurs!," Scales Research Reports A200014, EIM Business and Policy Research.
    2. Walter Powell & Kenneth Koput & James Bowie & Laurel Smith-Doerr, 2002. "The Spatial Clustering of Science and Capital: Accounting for Biotech Firm-Venture Capital Relationships," Regional Studies, Taylor & Francis Journals, vol. 36(3), pages 291-305.
    3. Kevin Morgan, 1997. "The Learning Region: Institutions, Innovation and Regional Renewal," Regional Studies, Taylor & Francis Journals, vol. 31(5), pages 491-503.
    4. Åsa Lindholm Dahlstrand, 1999. "Technology-based SMEs in the Go ¨teborg Region: Their Origin and Interaction with Universities and Large Firms," Regional Studies, Taylor & Francis Journals, vol. 33(4), pages 379-389.
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    Cited by:

    1. Trippl, Michaela & Gabain, Joshua von & Tödtling, Franz, 2006. "Policy agents as catalysts of knowledge links in the biotechnology sector," SRE-Discussion Papers 2006/01, WU Vienna University of Economics and Business.
    2. Marina van Geenhuizen, 2013. "Valorization of university knowledge: what are the barriers and can ‘living labs’ provide solutions?," Chapters, in: Tüzin Baycan (ed.), Knowledge Commercialization and Valorization in Regional Economic Development, chapter 7, pages 135-156, Edward Elgar Publishing.

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