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Capital risque, intervention publique et marché : le cas des biotechnologies françaises

Author

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  • Valérie Revest

    (CEPN - Centre d'Economie de l'Université Paris Nord (ancienne affiliation) - UP13 - Université Paris 13 - CNRS - Centre National de la Recherche Scientifique)

  • Christophe Le Guehennec

    (CEPN - Centre d'Economie de l'Université Paris Nord (ancienne affiliation) - UP13 - Université Paris 13 - CNRS - Centre National de la Recherche Scientifique)

Abstract

L'objet de ce travail est de mettre en lumière les étapes de la construction en France d'un marché des « jeunes entreprises innovantes en biotechnologie ». Selon nous l'émergence de l'industrie des biotechnologies peut être considérée comme l'émergence d'un marché spécifique, où la demande est représentée par les jeunes entreprises et l'offre par les apporteurs de capitaux, privés et publics. L ‘analyse du marché des jeunes entreprises françaises innovantes en biotechnologie montre d'une part que si le capital risque joue un rôle essentiel au cœur de ce marché, comme acteur du financement privé, il ne peut être appréhendé de manière isolé. Son rôle est notamment indissociable de l'action des pouvoirs publics dans la mise en place d'une architecture institutionnelle. D'autre part, elle met en exergue le poids la spécificité de l'activité de biotechnologie - forte incertitude, processus de recherche longs et coûteux, nécessité de différentes formes de coopération et d'association - dans la structuration finale du marché et les conditions concrètes de son fonctionnement.

Suggested Citation

  • Valérie Revest & Christophe Le Guehennec, 2007. "Capital risque, intervention publique et marché : le cas des biotechnologies françaises," Working Papers halshs-00200839, HAL.
    • Handle: RePEc:hal:wpaper:halshs-00200839
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00200839
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