Knowledge Diversity in the Emerging Global Bio-Nano Sector
2012, Social Science Research Network
Abstract
As scientists are able to understand and manipulate ever smaller scales of matter, research in the fields of biotechnology and nanotechnology has converged to enable such radical innovations as lab-on-a-chip devices, targeted drug delivery, and other forms of minimally invasive therapy and diagnostics. This paper provides a descriptive overview of the emerging bio-nano sector, identifying what types of firms are entering, from what knowledge base, where they are located, and their strategic choices in terms of technological diversity and R&D strategy. The firms engaged in bio-nano research and development span the range from start-up firm to multinational pharmaceutical, biotech, chemical, and electronics firms: two thirds of bio-nano firms are relatively young and relatively small. The United States dominates this sector, with more than half of all bio-nano firms located in the USA. Even within this sector which epitomizes the convergence of technology, there is a broad range of technological diversity, with the most diverse firms overall coming from a base in electronics, the most diverse start-up firms coming from a base in nanomaterials, and the most narrowly focused firms coming from a biotechnology/pharmaceutical base. We find that hybridization has been the dominant knowledge diversity strategy, with 93% of the bio-nano firms with nano-patents holding multiclass patents.
FAQs
AI
What patterns exist in the growth of bio-nano firms from 2005 to 2008?
The number of bio-nano firms increased from 165 in 2005 to 221 in 2008, indicating sector growth. This included 82 new entries and 26 exits during the observed timeframe.
How has technological knowledge diversity evolved among bio-nano firms?
There was a notable 11% increase in firms holding single-class patents from 2003 to 2008. By 2008, 91% of firms held multi-class patents, though exclusively multi-class patenting declined slightly.
What distinguishes hybridization and juxtaposition strategies in bio-nano firms?
Hybridization is characterized by multi-class patents and interdisciplinary teams, embraced by 93% of firms. In contrast, juxtaposition features single-class patents and independent research teams, prevalent among larger firms.
Which companies dominate the bio-nano sector in terms of technology capabilities?
Multinational firms, such as Hewlett-Packard and IBM, dominate with substantial engineering and physics expertise. In contrast, many smaller start-ups predominantly emerge from biology and chemistry backgrounds.
How does the size and revenue of bio-nano firms correlate with knowledge diversity?
Larger firms tend to show lower diversity, with an average of 38% single-class patents, as opposed to 23% for smaller firms. The most diverse portfolios are observed among startups, especially in nanomaterials.
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