Sources of bioentrepreneurship: the cases of Germany and Japan.

Journal of Small Business Management,  January, 2004  by Herstatt, Cornelius

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Introduction

It has been accepted increasingly that small entrepreneurial businesses in high-technology sectors have contributed to job creation, regional development, technology transfer, and technological innovation (Stringer 2000; Jones-Evans 1996; Roberts 1991; Smilor, Gibson, and Kozmetsky 1989). Particularly in the biotechnology sector, entrepreneurial companies have been the major stimulus for the development of this emerging industry (Shan, Walker, and Kogut 1994).

Many studies on new entrepreneurial entrants in biotechnology are addressed mainly to the situation ...

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