The biotechnology industry
computer science
Description
Biotechnology industry is among the industries that have the highest rates of alliance formation. In 1988, Ernest & Young reported that more than 70% of the US biotechnology firms were involved in strategic alliances and on average, each firm had 10 partners. Indeed, OECD statistics also show that based on a literature-based survey (reports from newspaper, trade journals, etc.), the number of alliances has increased from 45 in 1990 to 526 in 2006. Therefore, in this essay assignment, I would like you to explore further the networks and alliances in the biotech industry. In your essay, please answer the following research questions: 1. Describe the biotechnology industry. What are the sub-sectors within the biotechnology industry and which one is the most important? 2. What are the potential sources of external funding for biotechnology start-ups? 3. Why do biotechnology firms collaborate with external partners for innovation
