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Creating Silicon Valley in EuropePublic Policy Towards New Technology Industries$
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Steven Casper

Print publication date: 2007

Print ISBN-13: 9780199269525

Published to Oxford Scholarship Online: September 2007

DOI: 10.1093/acprof:oso/9780199269525.001.0001

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Biotechnology in the UK: good but not great

Biotechnology in the UK: good but not great

Chapter:
(p.105) 5 Biotechnology in the UK: good but not great
Source:
Creating Silicon Valley in Europe
Author(s):

Steven Casper (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199269525.003.0005

National institutional frameworks within the UK are oriented towards the promotion of radically innovative industries such as biotechnology. While the UK does have the best performing European biotechnology industry, it lags far behind the productivity of the US industry. The chapter argues that national institutional incentives within the UK are appropriate for biotechnology. However, public policy within the country has not developed an adequate system of commercializing science. Drawing on a case study of the Cambridge UK technology cluster, potential policies that could improve the performance of UK biotechnology sector are discussed.

Keywords:   technology transfer, venture capital, labor market organization, commercializing science, Cambridge

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