Frontiers of Entrepreneurship
Research
1997 Edition
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TECHNOLOGY STRATEGIES FOR GROWTH AND INNOVATION: A STUDY OF BIOTECHNOLOGY VENTURES
INTRODUCTION
THEORETICAL BACKGROUND
Resource–Based View And Cooperative Relationships
Industrial Organization Perspective And Incumbent–Entrant Collaboration
Sample
Measures
TABLE 1: Summary Statistics and Correlations
TABLE 2: Results Of Regression Analysis. Number Of Patents As The Dependent Variable. Unstandardized Regression Coefficients Reported; Standard Errors Shown In Parentheses.
TABLE 3: Results Of Regression Analysis. Citation Per Patent As The Dependent Variable. Unstandardized Regression Coefficients Reported; Standard Errors Shown In Parentheses.
ABSTRACT
Despite the large number of entrepreneurial companies involved in cooperative networks in high–technology industries, there is relatively little work on how R&D collaboration affects start–up company outcomes. This study focuses on the effect of technology partner selection and relationship arrangements on young firm growth and innovative performance. Statistical results on a sample of 103 new biotechnology companies show that technological collaboration has contradictory effects: while the number of partners and their average industry tenure is positively related with start–up growth and total innovative output, we find that collaboration may become a liability for radical innovation. These results have practical implications for R&D partner selection in entrepreneurial companies. 1
1 Special thanks to Gautam Ahuja and Risto
Miikkulainen for their comments on the earlier version of
this paper.
© 1997 Babson College All Rights Reserved
Last Updated 03/15/98