An emerging biomedical business in a low capitalised country

Garri Raagmaa and Priit Tamm

European Planning Studies, 2004, vol. 12, issue 7, 943-960

Abstract: This paper focuses on the description of an emerging biomedical business in an old university town Tartu, Estonia. The case can be considered rather unique as far as new high‐tech industries are normally developed in rich regions with high human and venture capital. Firstly, we identify very basic theoretical and methodological principles for this study. We continue with a general statistical data analysis of biomedical business in Estonia and Tartu. Thirdly, we examine the local business environment. Finally, we follow the institutional set‐up of R&D support structures and the activities of universities in creating new spin‐off companies.

Date: 2004
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DOI: 10.1080/0965431042000267849

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