Living up to the Expectations Set by ICT? The Case of Biotechnology Commercialisation in Finland
This paper examines the dynamics and bottlenecks in the commercialisation of biotechnology in Finland by using the Information and Communications Technology (ICT) industry as a benchmark. The paper considers both ICT and biotechnology within the dynamic life-cycle model of technological revolutions by Perez. For an empirical comparison, it applies the concept of a 'competence bloc' as an interpretive and focusing device. A competence bloc may be defined as a set of actors, functional competences, and institutions that are necessary for large-scale commercialisation and industrialisation of new emerging technologies. In spite of the many differences between the ICT and biotechnology industries, the comparison serves as a heuristic device for pinpointing important features in the framework conditions of commercialisation in biotechnology. The paper shows that a major bottleneck in the development of the biotechnology industry in Finland is the scarcity of industrialists to transform innovations into large-scale production.
No Reference information available - sign in for access.
No Citation information available - sign in for access.
No Supplementary Data.
Document Type: Research Article
Affiliations: The Research Institute of the Finnish Economy (ETLA),
Publication date: 2007-05-01