Featured Research

from universities, journals, and other organizations

In the biotech business: it's not what you know, it's what you know about who you know

Date:
February 11, 2011
Source:
Inderscience
Summary:
The opportunities that arise and whether or not they are exploited by biotechnology entrepreneurs depends to a large extent on how well connected is an individual business person and how well they mobilize their social network.

The opportunities that arise and whether or not they are exploited by biotechnology entrepreneurs depends to a large extent on how well connected is an individual business person and how well they mobilise their social network.

Related Articles


Cristina Sousa and colleagues at "INETI," the National Institute of Engineering, Technology and Innovation, in Lisbon, Portugal, explain in the International Journal of Entrepreneurship and Small Business how they have combined studies from the technological entrepreneurship and social networking literature to uncover patterns in different network configurations. They looked at network origins, composition and structure and investigated how these variables affect the way key resources, both tangible and intangible, are used and how those affect and are affected by credibility and mediation. Previous researchers have shown that new enterprises in biotechnology are important to development of the industry. This is especially true in countries that are at an intermediate stage of development because they have a good science base and highly skilled people but usually lack the investment of large biotechnology companies. As such scientific entrepreneurship can improve knowledge transfer and increase market value through human mobility, which is a critical factor in the growth of the biotechnology industry.

Sousa and colleagues affirm that the transformation of a technological opportunity into a commercial technology, product or service is a convoluted process, the success of which hinges on both the competence of people at the technological and non-technological level and the resources available. Success, they say, is determined, not only by an entrepreneur's capacity to identify an opportunity, but also by their ability to mobilise resources and skills. An entrepreneur's established network and the ability to create new, useful connections is usually the key.

The team's preliminary analysis of 23 case studies from a collection of 61 biotechnology companies in Portugal suggests that their approach to analysing the networks of the founding entrepreneurs will offer important insights into how the dynamic structure of a social network can influence the formation and success of start-up companies in this burgeoning industry. They also suspect that their ongoing analysis will reveal which kinds of connectivity within the network between companies and other organisations will affect likely success.


Story Source:

The above story is based on materials provided by Inderscience. Note: Materials may be edited for content and length.


Journal Reference:

  1. Cristina Sousa et al. The role of entrepreneurs’ social networks in the creation and early development of biotechnology companies. Int. J. Entrepreneurship and Small Business, 2011, 12, 227-244

Cite This Page:

Inderscience. "In the biotech business: it's not what you know, it's what you know about who you know." ScienceDaily. ScienceDaily, 11 February 2011. <www.sciencedaily.com/releases/2011/02/110211074858.htm>.
Inderscience. (2011, February 11). In the biotech business: it's not what you know, it's what you know about who you know. ScienceDaily. Retrieved February 27, 2015 from www.sciencedaily.com/releases/2011/02/110211074858.htm
Inderscience. "In the biotech business: it's not what you know, it's what you know about who you know." ScienceDaily. www.sciencedaily.com/releases/2011/02/110211074858.htm (accessed February 27, 2015).

Share This


More From ScienceDaily



More Science & Society News

Friday, February 27, 2015

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

Apple Ordered to Pay $533 Mln

Apple Ordered to Pay $533 Mln

Reuters - Business Video Online (Feb. 25, 2015) A Texas jury ruled that Apple&apos;s iTunes software infringed three patents. Apple says it&apos;ll appeal. Fred Katayama reports. Video provided by Reuters
Powered by NewsLook.com
Mayor Says District of Columbia to Go Ahead With Pot Legalization

Mayor Says District of Columbia to Go Ahead With Pot Legalization

Reuters - News Video Online (Feb. 25, 2015) Washington&apos;s mayor says the District of Columbia will move forward with marijuana legalization, despite pushback from Congress. Rough Cut (no reporter narration). Video provided by Reuters
Powered by NewsLook.com
GOP Voices Concern Over Net Neutrality Vote

GOP Voices Concern Over Net Neutrality Vote

AP (Feb. 25, 2015) The debate surrounding net neutrality was on full display at a congressional hearing Wednesday, a day before the FCC is set to vote on on whether to put Internet service in the same regulatory camp as telephone communications. (Feb. 25) Video provided by AP
Powered by NewsLook.com
Marijuana Nowhere Near As Deadly As Alcohol: Study

Marijuana Nowhere Near As Deadly As Alcohol: Study

Newsy (Feb. 25, 2015) A new study says marijuana is about 114 times less deadly than alcohol. Video provided by Newsy
Powered by NewsLook.com

Search ScienceDaily

Number of stories in archives: 140,361

Find with keyword(s):
Enter a keyword or phrase to search ScienceDaily for related topics and research stories.

Save/Print:
Share:

Breaking News:

Strange & Offbeat Stories


Science & Society

Business & Industry

Education & Learning

In Other News

... from NewsDaily.com

Science News

Health News

Environment News

Technology News



Save/Print:
Share:

Free Subscriptions


Get the latest science news with ScienceDaily's free email newsletters, updated daily and weekly. Or view hourly updated newsfeeds in your RSS reader:

Get Social & Mobile


Keep up to date with the latest news from ScienceDaily via social networks and mobile apps:

Have Feedback?


Tell us what you think of ScienceDaily -- we welcome both positive and negative comments. Have any problems using the site? Questions?
Mobile: iPhone Android Web
Follow: Facebook Twitter Google+
Subscribe: RSS Feeds Email Newsletters
Latest Headlines Health & Medicine Mind & Brain Space & Time Matter & Energy Computers & Math Plants & Animals Earth & Climate Fossils & Ruins