Hopkins_Crane_ResearchPolicy_moving_from_non-interventionism.pdf (3.9 MB)
Moving from non-interventionism to industrial strategy: the roles of tentative and definitive governance in support of the UK biotech sector
journal contribution
posted on 2023-06-09, 17:47 authored by Michael HopkinsMichael Hopkins, Philippa WiltonPhilippa Wilton, Paul NightingalePaul Nightingale, Charles Baden-FullerThis paper develops a framework for characterising tentative and definitive governance modes. Using investor financing of UK-based therapeutic biotech firms as a context, the paper traces how policy makers have blended tentative and definitive elements in the design and implementation of six different kinds of policies to spur investor support for these firms. We find that tentative and definitive governance are used together to balance the need for certainty with necessary responsiveness to the dynamic circumstances that surround technological emergence. Moreover we show that the relative use of tentative and definitive modes is shaped as much by higher landscape-level influences as by technology or sector-level factors. Challenges are also identified, for instance, how to maintain synergistic rather than either/or relationships between state and non-state actors when both hesitate to engage with markets at different times.
Funding
Financial and Organizational Innovation in Biotechnology; EPSRC-ENGINEERING & PHYSICAL SCIENCES RESEARCH COUNCIL; EP/E037208/1
Building Better Business Models: Capturing the Transformative Potential of the Digital Economy; G1417; EPSRC-ENGINEERING & PHYSICAL SCIENCES RESEARCH COUNCIL; EP/K039695/1
History
Publication status
- Published
File Version
- Published version
Journal
Research PolicyISSN
0048-7333Publisher
ElsevierExternal DOI
Issue
5Volume
48Page range
1113-1127Department affiliated with
- SPRU - Science Policy Research Unit Publications
Full text available
- Yes
Peer reviewed?
- Yes
Legacy Posted Date
2019-05-10First Open Access (FOA) Date
2019-05-10First Compliant Deposit (FCD) Date
2019-05-10Usage metrics
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