Title

Alternate Signs of Life: The Growth of Biotechnology Industries in Shanghai and Bangalore

Document Type

Article

Publication Date

5-1-2011

Department

Economic and Workforce Development

Abstract

This paper explores the emergence of biotechnology centers in Shanghai and Bangalore by comparing their development to best practices in the literature for biotechnology cluster growth and development. Interviews with over fifty biotech companies and related institutions in China and India indicate that these regions are developing alternate models of low cost manufacturing and services that build on the current local base of knowledge and expertise. The ability to convert research into successful commercial activity was identified in both regions. The strong research capacity, private sector funding, and entrepreneurial environment deemed critical best practices were limited. New growth theory is used to explain these alternate approaches to technological and social change. (C) 2010 Elsevier Inc. All rights reserved.

Publication Title

Technological Forecasting and Social Change

Volume

78

Issue

4

First Page

565

Last Page

574