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Why Does Europe Do So Poorly? Some Inadequate Explanations

In: Venture Capital and the European Biotechnology Industry

Author

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  • William Bains

Abstract

Thus the flower of biotechnology is a small weed in Europe compared to the giant redwood of the US. Why should this happen? Before delving into what I think is the main reason — the business practices of the VC groups that control the industry — it is worthwhile discussing the ‘reasons’ that are usually given, and showing why they are at most a minor cause of the relative lack of growth and frequent commercial and financial failure of the European industry. In this section I will explicitly leave out financial reasons such as the structure of the capital markets — we will deal with this in Chapter 6.

Suggested Citation

  • William Bains, 2009. "Why Does Europe Do So Poorly? Some Inadequate Explanations," Palgrave Macmillan Books, in: Venture Capital and the European Biotechnology Industry, chapter 4, pages 42-54, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-22726-2_4
    DOI: 10.1057/9780230227262_4
    as

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