Research report 2007 - Max Planck Institute of Economics (1993 until 2014)
Bioentrepreneurship in Germany
Authors
Patzelt, Holger
Departments
Entrepreneurship, Growth and Public Policy (Prof. David Audretsch)
MPI für Ökonomik, Jena
Summary
Biotechnology is one of the most promising technologies of the 21st century. This project analyzes different aspects of entrepreneurship research in the context of the biotechnology industry. Five studies show how young biotech firms can survive in times of hostile equity markets, escape technological crises, and gain competitive advantage through mergers. The results have implications for entrepreneurship research and managerial practice.