Prior-Learning, Cumulative Science Experiences and the Absorptive Capacity of Bio-Entrepreneurs: A Case of the East Midlands Region, England

Amon Simba

Journal of Management and Sustainability, 2016, vol. 6, issue 2, 36-49

Abstract: In the modern healthcare and medical sectors corporate bio-pharmaceutical firms continue to scale down their in-house research and development (R&D) activities in favour of outsourcing the services to bio-tech ventures. These small but, entrepreneurial research-oriented organisations have increased dramatically. They are predominantly owned by bio-entrepreneurs who are extensively experienced scientists. In the science-based industry they operate in, innovation ¡°ecosystems¡± consisting of global business and social networks are a common feature. As such, they have to consistently exploit them to complement the knowledge gaps in their enterprises. In that context, the paper sets out to investigate five bio-entrepreneurs currently active in biotechnology within the East Midlands region in England. It particularly examines the role performed by their prior-learning and their cumulative science experiences in recognising, assimilating and productively applying science-related knowledge acquired in their innovation ¡°ecosystems¡±.

Keywords: innovation ecosystems; bio-entrepreneurs; prior-learning; cumulative scientific experience; absorptive capacity (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ibn:jmsjnl:v:6:y:2016:i:2:p:36-49

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