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A perspective on the economic valorization of gene manipulated biotechnology: Past and future
Knockaert, Mirjam Manigart, Sophie Cattoir, Sofie Verstraete, Willy
Knockaert, Mirjam
Manigart, Sophie
Cattoir, Sofie
Verstraete, Willy
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Publication Type
Journal article
Editor
Supervisor
Publication Year
2015
Journal
Biotechnology Reports
Book
Publication Volume
6
Publication Issue
June
Publication Begin page
56
Publication End page
60
Publication Number of pages
Collections
Abstract
Three distinct fields of gene manipulated biotechnology have so far been economically exploited: medical biotechnology, plant biotechnology and industrial biotechnology. This article analyzes the economic evolution and its drivers in the three fields over the past decades, highlighting strong divergences. Product and market characteristics, affecting firms' financing options, are shown to be important enablers or inhibitors. Subsequently, the lack of commercialization in a fourth type of gene manipulated biotechnology, namely environmental biotechnology, is explained by the existence of strong barriers. Given the latter's great promises for environmental sustainability, we argue for a need to push the commercial valorization of environmental biotechnology. Our research has strong implications for (technology) management research in biotechnology, pointing to a need to control for and/or distinguish between different biotechnology fields.
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Keywords
Accounting & Finance