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Understanding and Managing the Biotechnology Valley of Death
1School of Management and Florey Institute, University of Sheffield, Sheffield, UK; Science Technology Studies Laboratory, ISSEK, Higher School of Economics, Moscow, Russia.
Trends in Biotechnology
|July 29, 2020
Summary
Biotechnology ventures face a "Valley of Death." Arrhenius
Area of Science:
- Biotechnology
- Business Development
- Innovation Management
Background:
- The biotechnology sector experiences a significant
- Translating scientific breakthroughs into commercial products is a complex process.
Purpose of the Study:
- To analyze the
- To provide actionable insights for navigating the challenges of industrial readiness in biotechnology.
Main Methods:
- Application of Arrhenius's model to conceptualize the journey from research to market.
Main Results:
- Identification of critical factors influencing business model selection for biotechnological innovations.
Conclusions:
- Understanding the interplay of various factors is crucial for successful commercialization.
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