Discovery Projects - Grant ID: DP1093457

Funder

Australian Research Council

Funding Amount

$200,000.00

Summary

Creating and capturing value in biotechnology: Can organisations sustain themselves through open source-style licensing and collaboration? Innovation is sometimes thought of exclusively in scientific and technological terms. But it is actually much broader, occurring in the way that commercial and non-commercial organisations seek to create and capture value - their business models. Like technological innovation, business model innovation is crucial to economic growth, but it is also fraught wi .... Creating and capturing value in biotechnology: Can organisations sustain themselves through open source-style licensing and collaboration? Innovation is sometimes thought of exclusively in scientific and technological terms. But it is actually much broader, occurring in the way that commercial and non-commercial organisations seek to create and capture value - their business models. Like technological innovation, business model innovation is crucial to economic growth, but it is also fraught with uncertainty, complexity and risk. This project will engage with biotechnology organisations that are actively seeking to develop new business models in order to understand the innovative process and identify ways in which other actors can support their efforts through policy, funding and other interventions.
Read more Read less