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Policy support for disruptive innovation in the life sciences

Tait, Joyce and Wield, David (2019). Policy support for disruptive innovation in the life sciences. Technology Analysis and Strategic Management (Early Access).

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DOI (Digital Object Identifier) Link: https://doi.org/10.1080/09537325.2019.1631449
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Abstract

This paper focuses on business models and value chains to analyse sectoral innovation systems involving synthetic biology and gene editing, as potentially disruptive platform technologies in the life sciences. In the context of industrial biotechnology, we propose that the extent to which an innovation is expected to be disruptive, and the location of that disruption in existing value chains, are relevant to policy decision making on how to govern innovative technologies. Policy decisions on how to regulate or support an innovative technology will be among the most important factors determining the extent to which it is able to deliver its disruptive potential, leading to sectoral transformations through new business models and value chains. This mode of thinking about disruption and innovation could be incorporated in standard procedures for policy makers to guide decisions designed to support translation from basic scientific research to societally useful products and processes.

Item Type: Journal Item
Copyright Holders: 2019 Informa UK Limited, trading as Taylor & Francis Group
ISSN: 1465-3990
Project Funding Details:
Funded Project NameProject IDFunding Body
ESRC Centre for Social and Economic Research on Innovation in Genomics.RES-145-28-0002ESRC (Economic and Social Research Council)
Keywords: Science & technology and innovation policy studies; foresight; radical/disruptive innovation; industrial biotechnology;
Academic Unit/School: Faculty of Science, Technology, Engineering and Mathematics (STEM)
Faculty of Arts and Social Sciences (FASS) > Social Sciences and Global Studies > Development
Faculty of Arts and Social Sciences (FASS) > Social Sciences and Global Studies
Faculty of Arts and Social Sciences (FASS)
Research Group: International Development & Inclusive Innovation
Innovation, Knowledge & Development research centre (IKD)
Institute for Innovation Generation in the Life Sciences (Innogen)
Item ID: 61642
Depositing User: David Wield
Date Deposited: 10 Jun 2019 10:28
Last Modified: 25 Jan 2020 05:27
URI: http://oro.open.ac.uk/id/eprint/61642
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