High technology in emerging markets: Building biotechnology clusters, capabilities and competitiveness in India
Asia-Pacific Journal of Business Administration
ISSN: 1757-4323
Article publication date: 13 April 2012
Abstract
Purpose
Building a bioeconomy requires efficient technology transfer and global linkages to exploit finite intellectual property exclusivity periods. Using a resource‐based view lens, this paper aims to assess the priorities, capabilities, and competitiveness of the emerging bioeconomy in India.
Design/methodology/approach
A triangulated design was used that involved interviews, case studies and a survey of 61 India biotechnology industry participants.
Findings
Two high priority capabilities were identified as being critical to fostering a competitive bioeconomy – access to talent and access to funding. Participants also identified the critical role of government in building and coordinating infrastructure, enabling critical capabilities, and accelerating bi‐directional technology and capital flows. This study reinforces the resource‐based view strategy framework regarding the importance of local context for biotechnology research.
Practical implications
Implications include the need for public‐private sector collaboration to strengthen industry infrastructure and enable biotechnology start‐ups, partnering between academia and government to accelerate technology transfer, and importance of seeking international investment and alliances early in a company's lifecycle to ensure sustainability.
Originality/value
These India‐centric lessons may be valuable in advancing knowledge for building successful biotechnology clusters, particularly for emerging market countries.
Keywords
Citation
Ahn, M.J., Hajela, A. and Akbar, M. (2012), "High technology in emerging markets: Building biotechnology clusters, capabilities and competitiveness in India", Asia-Pacific Journal of Business Administration, Vol. 4 No. 1, pp. 23-41. https://doi.org/10.1108/17574321211207953
Publisher
:Emerald Group Publishing Limited
Copyright © 2012, Emerald Group Publishing Limited