IDEAS home Printed from https://ideas.repec.org/a/sae/loceco/v28y2013i1p66-84.html
   My bibliography  Save this article

‘Beyond the golden triangle’: Biotechnology incubation in the East Midlands region of the UK

Author

Listed:
  • David J Smith
  • Michael Ehret

Abstract

Policy changes by the UK Government in the 1990s led to the setting up of a large number of technology incubators specializing in biotechnology. A feature of these biotechnology incubators is that they were not confined to established life science intensive regions like the South East and East Anglia (Sainsbury, 1999), but spread across the UK. This study presents an in-depth case study of one of these biotechnology incubators. It provides insights into the contribution of incubators to the development of the biotechnology sector in the regions outside the ‘golden triangle’ (Mueller et al., 2012; Mullins, 2005) of Cambridge-London-Oxford. It identifies service-based business models as an attractive entry-mode for start-up firms in these regions and shows services to be the main contributor to job creation. The study contributes to closing some of the gaps in research into the relationship between technology incubation and economic development. In particular it identifies local factors conditioning the performance of local economies, business models, and incubation, particularly in the context of policies designed to promote the growth of technology-based start-up and spin-off companies as avenues for economic development and transformation.

Suggested Citation

  • David J Smith & Michael Ehret, 2013. "‘Beyond the golden triangle’: Biotechnology incubation in the East Midlands region of the UK," Local Economy, London South Bank University, vol. 28(1), pages 66-84, February.
  • Handle: RePEc:sae:loceco:v:28:y:2013:i:1:p:66-84
    DOI: 10.1177/0269094212463785
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0269094212463785
    Download Restriction: no

    File URL: https://libkey.io/10.1177/0269094212463785?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Joel A. C. Baum & Tony Calabrese & Brian S. Silverman, 2000. "Don't go it alone: alliance network composition and startups' performance in Canadian biotechnology," Strategic Management Journal, Wiley Blackwell, vol. 21(3), pages 267-294, March.
    2. Helen Lawton Smith & Saverio Romeo & Shamistha Bagchi-Sen, 2008. "Oxfordshire biomedical university spin-offs: an evolving system," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 1(2), pages 303-319.
    3. Alessandro Rosiello & Stuart Parris, 2009. "The patterns of venture capital investment in the UK bio-healthcare sector: the role of proximity, cumulative learning and specialisation," Venture Capital, Taylor & Francis Journals, vol. 11(3), pages 185-211, February.
    4. Paul Smaglik, 2003. "Northern England: Rising star," Nature, Nature, vol. 425(6956), pages 430-433, September.
    5. Roland Helm & Oliver Mauroner, 2011. "Soft starters, research boutiques and product-oriented firms: different business models for spin-off companies," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 12(4), pages 479-498.
    6. Swann, G. M. Peter & Prevezer, Martha & Stout, David (ed.), 1998. "The Dynamics of Industrial Clustering: International Comparisons in Computing and Biotechnology," OUP Catalogue, Oxford University Press, number 9780198289593.
    7. Maryann P. Feldman & Johanna L. Francis, 2003. "Fortune Favours the Prepared Region: The Case of Entrepreneurship and the Capitol Region Biotechnology Cluster," European Planning Studies, Taylor & Francis Journals, vol. 11(7), pages 765-788, October.
    8. Helen Lawton Smith & Sharmistha Bagchi-Sen, 2006. "University-Industry Interactions: the Case of the UK Biotech Industry," Industry and Innovation, Taylor & Francis Journals, vol. 13(4), pages 371-392.
    9. Gene Russo, 2006. "Nurturing bioincubators in the north," Nature, Nature, vol. 441(7094), pages 782-782, June.
    10. Philip Cooke & Dan Kaufmann & Chen Levin & Rob Wilson, 2006. "‘The Biosciences Knowledge Value Chain and Comparative Incubation Models’," The Journal of Technology Transfer, Springer, vol. 31(1), pages 115-129, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sharmistha Bagchi-Sen & Peter Kedron & Jennifer Scully, 2011. "A Study of R&D, Collaboration, and Location Preferences of Health and Agricultural Biotech Firms," Environment and Planning C, , vol. 29(3), pages 473-486, June.
    2. Avenel, E. & Corolleur, F. & Gauthier, C. & Rieu, C., 2005. "Start-ups, firm growth and the consolidation of the French biotech industry," Working Papers 200503, Grenoble Applied Economics Laboratory (GAEL).
    3. Roland Helm & Oliver Mauroner & Kendra Pöhlmann, 2018. "Towards a better understanding of performance measurements: the case of research-based spin-offs," Review of Managerial Science, Springer, vol. 12(1), pages 135-166, January.
    4. Dan Kaufmann & Dafna Schwartz, 2009. "Networking strategies of young biotechnology firms in Israel," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 43(3), pages 599-613, September.
    5. Kwangsoo Shin & Sang Ji Kim & Gunno Park, 2016. "How does the partner type in R&D alliances impact technological innovation performance? A study on the Korean biotechnology industry," Asia Pacific Journal of Management, Springer, vol. 33(1), pages 141-164, March.
    6. Van Wijk, Raymond & Nadolska, Anna, 2020. "Making more of alliance portfolios: The role of alliance portfolio coordination," European Management Journal, Elsevier, vol. 38(3), pages 388-399.
    7. Jarle Aarstad & Olav Andreas Kvitastein & Stig-Erik Jakobsen, 2019. "What Drives Enterprise Product Innovation? Assessing How Regional, National, And International Inter-Firm Collaboration Complement Or Substitute For R&D Investments," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 23(05), pages 1-25, June.
    8. Boeker, Warren & Howard, Michael D. & Basu, Sandip & Sahaym, Arvin, 2021. "Interpersonal relationships, digital technologies, and innovation in entrepreneurial ventures," Journal of Business Research, Elsevier, vol. 125(C), pages 495-507.
    9. Frida Thomas Pacho, 2018. "Diversified Network Effects on Innovation Performance in Tanzania: Innovation Strategy in Service Firms," Journal of Entrepreneurship and Business Innovation, Macrothink Institute, Journal of Entrepreneurship and Business Innovation, vol. 5(1), pages 1-1, December.
    10. Prosman, Ernst Johannes & Cagliano, Raffaella, 2022. "A contingency perspective on manufacturing configurations for the circular economy: Insights from successful start-ups," International Journal of Production Economics, Elsevier, vol. 249(C).
    11. Inyoung Park & Jieon Lee & Jungwoo Nam & Yuri Jo & Daeho Lee, 2022. "Which networking strategy improves ICT startup companies' technical efficiency?," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(6), pages 2434-2443, September.
    12. Zhiang (John) Lin & James A. Kitts & Haibin Yang & J. Richard Harrison, 2008. "Elucidating strategic network dynamics through computational modeling," Computational and Mathematical Organization Theory, Springer, vol. 14(3), pages 175-208, September.
    13. K. Poehlmann & R. Helm & O. Mauroner & J. Auburger, 2021. "Corporate spin-offs’ success factors: management lessons from a comparative empirical analysis with research-based spin-offs," Review of Managerial Science, Springer, vol. 15(6), pages 1767-1796, August.
    14. Gawlik, Remigiusz, 2016. "Finansowanie innowacyjnych przedsięwzięć przez fundusze podwyższonego ryzyka - determinanty procesu decyzyjnego [Financing of Innovative Enterprises Through Venture Capital – Determinants of Decisi," MPRA Paper 77528, University Library of Munich, Germany.
    15. Müge Özman, 2007. "Network Formation and Strategic Firm Behaviour to Explore and Exploit," Journal of Artificial Societies and Social Simulation, Journal of Artificial Societies and Social Simulation, vol. 11(1), pages 1-7.
    16. Kudic, Muhamed & Pyka, Andreas & Günther, Jutta, 2012. "Determinants of Evolutionary Change Processes in Innovation Networks – Empirical Evidence from the German Laser Industry," IWH Discussion Papers 7/2012, Halle Institute for Economic Research (IWH).
    17. MOTOHASHI Kazuyuki & ZHAO Qiuhan, 2023. "University as a Knowledge Source of Innovation: A spatial analysis of the impact on local high-tech startup creation," Discussion papers 23027, Research Institute of Economy, Trade and Industry (RIETI).
    18. Lavlu Mozumdar & Geoffrey Hagelaar & Valentina C. Materia & S. W. F. Omta & Mohammad Amirul Islam & Gerben Velde, 2019. "Embeddedness or Over-Embeddedness? Women Entrepreneurs’ Networks and Their Influence on Business Performance," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 31(5), pages 1449-1469, December.
    19. Lin, Feng-Jyh & Wu, Shang-He & Hsu, Maw-Shin & Perng, Chyuan, 2016. "The determinants of government-sponsored R&D alliances," Journal of Business Research, Elsevier, vol. 69(11), pages 5192-5195.
    20. Uwe Cantner & Michael Stützer, 2010. "The Use and Effect of Social Capital in New Venture Creation - Solo Entrepreneurs vs. New Venture Teams," Jena Economics Research Papers 2010-012, Friedrich-Schiller-University Jena.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:loceco:v:28:y:2013:i:1:p:66-84. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: http://www.lsbu.ac.uk/index.shtml .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.