Strategic Partnerships and Open Innovation in the Biotechnology Industry in Belgium

Strategic partnerships in the biotechnology industry allow new technology-based firms to gain a foothold in this high-cost, high-risk industry. In this article, we examine the impact of strategic partnerships and open innovation on the success of new biotechnology firms in Belgium by developing mult...

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Veröffentlicht in:Technology innovation management review 2013-04, Vol.3 (4), p.23-28
1. Verfasser: Segers, Jean-Pierre
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description Strategic partnerships in the biotechnology industry allow new technology-based firms to gain a foothold in this high-cost, high-risk industry. In this article, we examine the impact of strategic partnerships and open innovation on the success of new biotechnology firms in Belgium by developing multiple case studies of firms in regional biotechnology clusters. We find that, despite their small size and relative immaturity, new biotechnology firms are able to adopt innovative business models by providing R&D and services to larger firms and openly cooperating with them through open innovation.
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source DOAJ Directory of Open Access Journals; EZB-FREE-00999 freely available EZB journals
subjects Alliances
Biotechnology industry
Collaboration
Corporate profiles
Innovations
Product development
Startups
title Strategic Partnerships and Open Innovation in the Biotechnology Industry in Belgium
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