Providing an important and timely overview of research on the exciting area of entrepreneurship in biotechnology, this book examines one of the most promising industries of the 21st century. While genetically engineered food and biopharmaceuticals have made biotechnology part of our everyday life, starting a bioventure is among the most complex and risky entrepreneurial tasks given long development cycles, high technological and market uncertainty, and high capital intensity. Providing unparalleled in-depth and detailed analysis, this handbook sheds light on business models and strategies, financing, cooperation networks between firms and universities, among other issues. With new developments in biotechnology increasingly in the news, this is an important source for readers interested in public policy, entrepreneurship, and business in the 21st century.
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Holger Patzelt is a senior research fellow at the Max Planck Institute of Economics in Jena, Germany. His research focuses on high technology entrepreneurship with a particular emphasis on strategic alliances and human capital. He has published in leading journals of natural sciences and social sciences. He holds a PhD in life sciences from the University of Heidelberg, Germany, and a PhD in management from the University of Bamberg, Germany.
Thomas Brenner is associate director of the Max Planck Institute of Economics in Jena, Germany, and lecturer at the University of Jena. His research focuses on the spatial distribution of industry activities and local clustering. He has published a book on "Local Industrial Clusters: Existence, Emergence and Evolution" and many papers in leading economic and geographic journals. He holds a PhD in physics from the University of Stuttgart, Germany, and a PhD in economics from the University of Jena, Germany.
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