From commercialising intellectual property to facilitating open innovation: the evolution of UK biotechnology incubators

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McDonald-Junor, D. ORCID: 0000-0002-4121-1176, Rossiter, W. ORCID: 0000-0002-2199-1136 and Smith, D. ORCID: 0000-0001-7359-8451, 2018. From commercialising intellectual property to facilitating open innovation: the evolution of UK biotechnology incubators. In: R&D Management Conference: R&Designing Innovation: Transformational Challenges for Organizations and Society, Milan, Italy, 30 June - 4 July 2018.

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Abstract

This paper investigates the changing landscape of biotechnology incubators in the UK and evidences their evolution from 1999 to 2017. We highlight the changing policy environment for biotechnology incubators and begin to investigate the evolution of UK biotechnology incubators from facilities that primarily support the commercialisation of intellectual property derived from universities to facilities that reuse former pharmaceutical research and development laboratories and collocate with operational pharmaceutical companies. This study uses two desk-based surveys that provide snap-shots of 21 biotechnology incubators taken in December 2012 and December 2017. The surveys provide a detailed examination of the characteristics of UK biotechnology incubators and their tenant companies. We observe the appearance of biotechnology incubators with an economic regeneration remit, funded by and working in partnership with regional government (BioPark Hertfordshire & BioCity Nottingham). We also observe the appearance of corporate biotechnology incubators (Akcomak, 2009) co-located on operational pharmaceutical research and development sites with an open innovation remit e.g. Astra Zeneca (Manchester), GlaxoSmithKline (Stevenage) and Boots (Nottingham). We propose that regional and national policy initiatives and changes in the business model of large pharmaceutical companies have been the main drivers for the evolution of biotechnology incubators in the UK.

Item Type:	Conference contribution
Creators:	McDonald-Junor, D., Rossiter, W. and Smith, D.
Date:	2018
Divisions:	Schools > Nottingham Business School
Record created by:	Jonathan Gallacher
Date Added:	06 Sep 2018 13:27
Last Modified:	06 Sep 2018 13:27
URI:	https://irep.ntu.ac.uk/id/eprint/34442