A New Tool for Supporting Innovation in Biotech Co-Innovation and the Role of Economic Developers

A New Tool for Supporting Innovation in Biotech Co-Innovation and the Role of Economic Developers

Marina Frangioni (Bishop's University, Canada)
DOI: 10.4018/978-1-5225-1040-6.ch008
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Abstract

Biotech companies have been perceived has the Saint-Graal for economic development since a few years. But the economic downturn and a misunderstanding of the shift in innovation process, from a stage gate process to a user driven process placed, impairs biotech companies. Economic developer, which aims is to foster innovation to induce economic development asked themselves how to help innovation in the biotech sector to reach the market more rapidly and more efficiently. This book chapter present an overview in the innovation shift from the supply side to the demand side and propose a new model of intervention for economic developers in this new context of co-innovation.
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Main Focus of the Chapter

The aim of this paper is to see how the rules have changed for economic developers and how a new model can be proposed to help them to enrich their action towards entrepreneurs and business community. Moreover, this paper will study in the biotech sector how this proposed model could be implement.

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