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Betting on BiotechInnovation and the Limits of Asia's Developmental State$
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Joseph Wong

Print publication date: 2011

Print ISBN-13: 9780801450327

Published to Cornell Scholarship Online: August 2016

DOI: 10.7591/cornell/9780801450327.001.0001

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Organizing Bio-industry

Organizing Bio-industry

Chapter:
(p.81) Chapter 3 Organizing Bio-industry
Source:
Betting on Biotech
Author(s):

Joseph Wong

Publisher:
Cornell University Press
DOI:10.7591/cornell/9780801450327.003.0004

This chapter examines the complex processes underlying biotech commercialization from the perspective of the firm and industry. More specifically, it considers how biotech industries have been organized in Korea, Taiwan, and Singapore. It identifies the core actors in the biotech innovation system, the range of relevant supporting actors, and the strategic interactions between biotech firms, labs, and the state. It also explores how decision makers in three countries strategically rationalize the ways in which the bio-industry is organized. While they face similar challenges in betting against biotech's myriad sources of uncertainty, the chapter shows that decision makers in Korea, Taiwan, and Singapore have organized the bio-industry using quite different strategic rationales.

Keywords:   biotech commercializatio, Korea, Taiwan, Singapore, biotech innovation, biotech firms, state, bio-industry, uncertainty

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