‘Coaching’ small biotech companies into success

International Journal of Biotechnology

Volumn 9, Issue 6, 2007, Pages 548-568

  Luukkonen, Terttu ^a   Maunula, Mari ^b  

^a Elinkeinoelaman Tutkimuslaitos   (Finland)

^b Fundraising   (Finland)

Author keywords

biotechnology; VC; Venture Capital

Indexed keywords

EID: 40749099381     PISSN: 09636048     EISSN: 17415020     Source Type: Journal    
DOI: 10.1504/IJBT.2007.015808     Document Type: Article

References (37)

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33. According to Perez’s (2002) notion of technological revolutions, the period in which VC emerged was the so-called frenzy period.
34. According to Perez (2002), we may even question whether there has been a ‘big bang’ of a new technological revolution in biotechnology.
35. The concept of ‘fitness’ refers to the competitiveness in the rivalry among new ideas and opportunities – here institutions – that act as a selection mechanism to screen technology-based innovations before they enter the markets (see, e.g., Dosi and Nelson, 1994).
36. Due to the high response rate and the nature of the study as one reaching the total population, we did not conduct statistical tests of the study results.
37. In three companies the CEO had recently changed, and the ex-CEO was interviewed. In a few cases, the interviewee was another manager or the founder. However, in all companies, the person with the longest experience of cooperation with their venture capitalists was interviewed.