Global biotechnology Market and entrepreneurship
Biotechnology is one of the strongest growing industries of the twenty- first century. Yet, the sector is still young and many biotechnology firms are at an early stage of their life cycle. Thus, biotechnology and entrepreneurship are intrinsically linked together, and over the last years a substantial number of articles in the entrepreneurship literature have studied biotechnology at the regional, firm, and individual level of analysis. Today the biotechnology sector has a substantial economic impact. The global biotechnology market had total revenues of $200 billion in 2009, representing a compound annual growth rate of 10.2% for the period spanning 2005–2009. Further, US biotechnology firms employed about 112,000 people and European biotechnology firms about 31,000 people in 2010, Due to these impressive numbers, biotechnology has attracted considerable attention not only from policy makers, but also from academic researchers.
- Track 1-1 Strategies and Business Models of Biotechnology Firms
- Track 2-2 Benchmarking Successful Biotechnology Clusters
- Track 3-3 Finance and Accounting
- Track 4-4 Partnership at new phases of product development