Faculty Entrepreneurship in the Biosciences
Faculty Entrepreneurship in the Biosciences
This chapter examines the development of a new market-logic practice in academic science, namely faculty entrepreneurship in the biosciences. It begins by reviewing the origins of this practice, then tracks its early development as well as limits to its growth and spread. It then goes on to examine policy decisions that removed these limits and replaced them with incentives, and considers how political concern with the economic impact of innovation contributed to these decisions. The chapter concludes with a look at the subsequent takeoff of this practice, followed by a discussion of the conditions that appear to have been necessary for this takeoff to occur.
Keywords: market-logic practice, academic science, faculty entrepreneurship, bioscience entrepreneurship, academic entrepreneurship
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