Sources, Development and Uses of Innovation in Modern Biotechnology

International Journal of Technoentrepreneurship, Vol. 1, No. 4, 345-362

18 Pages Posted: 19 Feb 2009 Last revised: 28 Mar 2013

Maija Renko

University of Illinois at Chicago

Malin Brännback

Åbo Akademi University

Alan L. Carsrud

Florida International University (FIU)

Date Written: February 16, 2009

Abstract

This research examines the innovation process that includes sources, development, and uses of innovation in the field of modern biotechnology. Based on existing literature and primary qualitative data collected from 39 young, small American biotechnology firms we show how biotechnology innovations constantly cross boundaries of traditionally separate industries. All three stages of innovation (sourcing, development, and use) involve a variety of actors that represent different fields of science, business, or markets. Previous literature has predominantly focused on the innovation development networks, but our study shows that also the sources of ideas as well as adoption of an innovation are characterized by networks of actors. Consequently, we suggest that biotechnology managers' understanding of innovation processes would benefit from paying attention to the networked nature of sources and uses of innovations, in addition to the collaborative product development process itself.

Keywords: Innovation, biotechnology industry

JEL Classification: O32

Suggested Citation

Renko, Maija and Brännback, Malin and Carsrud, Alan L., Sources, Development and Uses of Innovation in Modern Biotechnology (February 16, 2009). International Journal of Technoentrepreneurship, Vol. 1, No. 4, 345-362. Available at SSRN: https://ssrn.com/abstract=1344652

Maija Renko (Contact Author)

University of Illinois at Chicago ( email )

601 S. Morgan St. (M/C 243)
University Hall 2203
Chicago, IL 60607-7122
United States

Malin Brännback

Åbo Akademi University ( email )

Piispankatu 16
Abo, Turku FIN-20500
Finland

Alan L. Carsrud

Florida International University (FIU) ( email )

University Park
11200 SW 8th Street
Miami, FL 33199
United States

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