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Technological achievements in entrepreneurial firms – legacy, value chain experience, and division of innovation labour

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  • Maryann P. Feldman
  • Maria Halbinger
  • Toke Reichstein
  • Finn Valentin
  • Ji Woong Yoon

Abstract

This paper examines whether founders’ origin is systematically associated with the technological orientation of their new established organisation. Using an exploratory design, we empirically investigate how the technological achievements of organisations are associated with the founder’s prior experience identifying where in the industry’s value chain the founder worked previously. Using a unique dataset of Swedish and Danish biotechnology start-up firms, we explore the relationship between the founders’ prior position in the value chain and the technological achievements of their start-up. Firms established by founders from academia tend to perform well in early stages of technology development, while firms established by founders from further up the value chain tend to exhibit technological achievements in the later stages of development. Building on these results, we discuss possible mechanisms that may trigger these empirical regularities and propose that these mechanisms cause a division of innovation labour among biotechnology start-ups.

Suggested Citation

  • Maryann P. Feldman & Maria Halbinger & Toke Reichstein & Finn Valentin & Ji Woong Yoon, 2019. "Technological achievements in entrepreneurial firms – legacy, value chain experience, and division of innovation labour," Industry and Innovation, Taylor & Francis Journals, vol. 26(3), pages 243-268, March.
    • Handle: RePEc:taf:indinn:v:26:y:2019:i:3:p:243-268
    DOI: 10.1080/13662716.2018.1487832
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    Cited by:

    1. Isabel Cavalli & Charlie Joyez, 2021. "The Dynamics of French Universities in Patent Collaboration Networks," GREDEG Working Papers 2021-38, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    2. Silvina A. Romano & Jon Mikel Zabala‐Iturriagagoitia, 2022. "Davids versus Goliaths: Epigenetic dynamics and structural change in the Swedish innovation system," Growth and Change, Wiley Blackwell, vol. 53(4), pages 1737-1761, December.

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