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Public private partnerships and emerging technologies: A look at nanomedicine for diseases of poverty

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  • Woodson, Thomas S.

Abstract

Emerging technologies, like nanotechnology, are often hailed as transformative technologies that will not only help the rich, but be used to decrease poverty and inequality. In order to overcome many of the challenges associated with developing products for poor communities, especially medicines for the poor, institutions setup organizations called public private partnership (PPPs). This study examines whether PPPs are developing nanotechnology to make medicines for diseases of poverty (DoP). PPPs are the main actors researching medicines for DoP and if they are not involved with nanotechnology research, then it is unlikely that nanomedicines for DoP will be developed. Through interviews and website content analysis, this study finds that there are only a few PPPs doing nanomedicine research. Many of the PPPs are worried that the technology is too expensive and it will take too long to bring nanomedicines to the market. To increase the likelihood that emerging technologies, like nanotechnology, will be used to mitigate poverty, policy makers can do several things like change the patent laws to encourage innovation on technologies for the poor, increase research funding in areas that address development, and move pro-poor technologies quickly through the regulation process.

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  • Woodson, Thomas S., 2016. "Public private partnerships and emerging technologies: A look at nanomedicine for diseases of poverty," Research Policy, Elsevier, vol. 45(7), pages 1410-1418.
    • Handle: RePEc:eee:respol:v:45:y:2016:i:7:p:1410-1418
    DOI: 10.1016/j.respol.2016.04.005
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    2. Villalba Morales, María Luisa & Ruiz Castañeda, Walter & Robledo Velásquez, Jorge, 2023. "Configuration of inclusive innovation systems: Function, agents and capabilities," Research Policy, Elsevier, vol. 52(7).
    3. E.R. Akhmetshina & O.A. Ignatjeva & I.M. Ablaev, 2017. "Tendencies and Prospects of Public-Private Partnership Development in the Field of Physical Culture and Sport," European Research Studies Journal, European Research Studies Journal, vol. 0(2A), pages 422-430.
    4. Bojovic, Neva, 2022. "Strategic framing of enabling technologies: Insights from firms digitizing smell and taste," Research Policy, Elsevier, vol. 51(3).
    5. Veiko LEMBER & Ole Helby PETERSEN & Walter SCHERRER & Robert ÅGREN, 2019. "Understanding The Relationship Between Infrastructure Public‒Private Partnerships And Innovation," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 90(2), pages 371-391, June.
    6. Ans Kolk & Miguel Rivera-Santos & Carlos Rufín, 2018. "Multinationals, international business, and poverty: A cross-disciplinary research overview and conceptual framework," Journal of International Business Policy, Palgrave Macmillan, vol. 1(1), pages 92-115, June.
    7. E.R. Akhmetshina & G.T. Guzelbaeva & D.K. Rakhmatullina, 2017. "Special Economic Zone as a Local Area of Public-Private Parthership Implementation," European Research Studies Journal, European Research Studies Journal, vol. 0(2A), pages 346-354.
    8. Octaviano Rojas Luiz & Enzo Barberio Mariano & Hermes Moretti Ribeiro da Silva, 2021. "Pro-Poor Innovations to Promote Instrumental Freedoms: A Systematic Literature Review," Sustainability, MDPI, vol. 13(24), pages 1-22, December.
    9. Ferreira, D.C. & Marques, R.C., 2021. "Public-private partnerships in health care services: Do they outperform public hospitals regarding quality and access? Evidence from Portugal," Socio-Economic Planning Sciences, Elsevier, vol. 73(C).
    10. Kwon, Seokbeom & Liu, Xiaoyu & Porter, Alan L. & Youtie, Jan, 2019. "Research addressing emerging technological ideas has greater scientific impact," Research Policy, Elsevier, vol. 48(9), pages 1-1.

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