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Policy-driven ecosystems for new vaccine development
Authors:Julia Fan Li  Elizabeth Garnsey
Institution:Centre for Technology Management—University of Cambridge, Institute for Manufacturing, 17 Charles Babbage Road, Cambridge CB3 0FS, United Kingdom
Abstract:This paper examines the relationship between biomedical policies and entrepreneurial R&D strategies. Public health programs have been unable to provide effective and affordable treatment of infectious diseases for the poor. While governments have become more open to private sector contributions to policy objectives, it is rare to find new ventures commercializing healthcare innovations for neglected diseases. Two case studies of entrepreneurial ventures, in the UK and China, provide evidence on how resource-constrained firms mobilize participants in policy-specific ecosystems to achieve their goals of new vaccine development for tuberculosis. Ecosystem analysis reveals how the innovators’ business models can align their strategies with national policy objectives.
Keywords:Technology policy  Innovation ecosystem  Entrepreneurship  Business models  Technology strategy
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