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Firms’ connections and cluster opportunity. The case of biotechnology in the Community of Madrid

Félix-Fernando Muñoz and María-Isabel Encinar
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María-Isabel Encinar: Departmento de Análisis Económico: Teoría Económica e Historia Económica, Universidad Autónoma de Madrid, Madrid, Spain

Cuadernos de Economía - Spanish Journal of Economics and Finance, 2011, vol. 34, issue 95, 96-106

Abstract: Much of the Spanish biotechnology industry activity operates in the Community of Madrid (CM). Regional and local authorities are very interested in constituting a biotechnology cluster in the Community. All the necessary elements can be found in the region: as shown, there exists the opportunity for the emergence of a biotechnology cluster in CM. However, at the present time no biotechnology cluster can be said to exist as such in the region; there is only a cluster opportunity. In order to demonstrate this proposition, we provide an overview of the biotechnology industry, focusing on the firms that operate in Madrid and their connections between themselves and the other actors in the system. Any cluster strategy that aims to develop a biotechnology cluster in Madrid should consider the form of these connections.

Keywords: Connections; Cluster opportunity; Biotechnology; Community of Madrid (search for similar items in EconPapers)
JEL-codes: L10 L25 O30 (search for similar items in EconPapers)
Date: 2011
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Handle: RePEc:cud:journl:v:34:y:2011:i:95:p:96-106