Pathways from discovery to commercialisation: using web sources to track small and medium-sized enterprise strategies in emerging nanotechnologies

This paper presents results from a pilot study of small and medium-sized enterprises (SMEs) based on a web-scraping and content analysis of current and archived nanotechnology enterprise websites. We use this approach to explore nanotechnology SMEs transitions from discovery to commercialisation and understand how transitions vary by SME characteristics, technology and market sectors. Our findings suggest that although the idealised linear innovation model is present, important instances of divergence exist. Cluster analysis uncovered sectoral differences but even more distinctions based on the age, funding source, and research intensity.

[1]  J. Sylvan Katz,et al.  Web indicators for complex innovation systems , 2006 .

[2]  Bret R. Shaw,et al.  Narrowing the nano discourse , 2010 .

[3]  D. Third OECD/Eurostat . Oslo Manual-Guidelines for Collecting and Interpreting Technological Innovation Paris, France: , 2005 .

[4]  George F. Farris,et al.  Research on innovation management and technology transfer in China , 2006 .

[5]  D. Hicks,et al.  A Taxonomy of Small Firm Technology Commercialization , 2012 .

[6]  P. Shapira,et al.  Innovative and responsible governance of nanotechnology for societal development , 2011 .

[7]  William J. Baumol,et al.  Entrepreneurial Enterprises, Large Established Firms and Other Components of the Free-Market Growth Machine , 2004 .

[8]  Deepak Hegde,et al.  Highly innovative small firms in the markets for technology , 2005 .

[9]  Manuel Trajtenberg,et al.  Patents, Citations, and Innovations: A Window on the Knowledge Economy , 2002 .

[10]  Philip Shapira Innovation and Small and Midsize Enterprises: Innovation Dynamics and Policy Strategies , 2010 .

[11]  Small Firms: Why Market-driven Innovation Can't Get along without Them 183 , 2022 .

[12]  Mihail C. Roco,et al.  Nanoscale Science and Engineering: Unifying and Transforming Tools , 2004 .

[13]  Stuart J.H. Graham,et al.  Nanotechnology and the Emergence of a General Purpose Technology , 2009 .

[14]  Jue Wang,et al.  Resource Spillover from Academia to High Tech Industry: Evidence from New Nanotechnology-Based Firms in the U.S , 2008 .

[15]  Paul Israel,et al.  The Sources of Innovation , 1990 .

[16]  B. Ross The role of the business model in capturing value from innovation , 2008 .

[17]  Ruud Smits,et al.  A System-Evolutionary Approach for Innovation Policy , 2010 .

[18]  D. Teece Business Models, Business Strategy and Innovation , 2010 .

[19]  Marie C. Thursby,et al.  The nanotech vs . the biotech revolution : sources of productivity in incumbent firm research , 2007 .

[20]  Erkko Autio,et al.  NEW, TECHNOLOGY-BASED FIRMS IN INNOVATION NETWORKS SYMPLECTIC AND GENERATIVE IMPACTS , 1997 .

[21]  Stuart J. H. Graham,et al.  Assessing the nature of nanotechnology: can we uncover an emerging general purpose technology? , 2008 .

[22]  J. S. Katz,et al.  Indicators for Complex Innovation Systems , 2006 .

[23]  Carl J. Schramm,et al.  Toward an Entrepreneurial Society: Why Measurement Matters , 2008, Innovations: Technology, Governance, Globalization.

[24]  Ivan Amato,et al.  Report to the President and Congress on the Third Assessment of the National Nanotechnology Initiative. , 2010 .

[25]  Z. Ács,et al.  Innovation and Small Firms , 1990 .

[26]  Mark Dodgson,et al.  The Handbook of Industrial Innovation , 1994 .

[27]  H. Chesbrough,et al.  The Role of the Business Model in Capturing Value from Innovation: Evidence from Xerox Corporation's Technology Spin-Off Companies , 2002 .

[28]  Celia Merzbacher,et al.  The National Nanotechnology Initiative: Research and Development Leading to a Revolution in Technology and Industry. Supplement to the President's FY 2008 Budget , 2007 .

[29]  D. Teece Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy , 1993 .

[30]  Alan L. Porter,et al.  Is there a shift to “active nanostructures”? , 2009, Journal of nanoparticle research : an interdisciplinary forum for nanoscale science and technology.

[31]  Arti K. Rai Innovation Policy: Theory and Practice , 2011 .

[32]  Carole Rieu,et al.  Emergence des nanotechnologies : Vers un nouveau "modèle industriel "? , 2009 .

[33]  Henry Chesbrough,et al.  Open Innovation: The New Imperative for Creating and Profiting from Technology , 2003 .

[34]  C. Bloch,et al.  Oslo Manual - Guidelines for Collecting and Interpreting Innovation Data, 3rd edition: Proposed Guidelines for Collecting and Interpreting Innovation Data , 2005 .

[35]  David B. Audretsch,et al.  The Economics of Small Firms , 1990 .

[36]  P. Shapira,et al.  Follow the money , 2010, Nature.

[37]  A. Fernandez-Ribas International Patent Strategies of Small and Large Firms: An Empirical Study of Nanotechnology , 2010 .

[38]  Jan Youtie,et al.  National innovation systems and the globalization of nanotechnology innovation , 2011 .

[39]  Diana Hicks,et al.  An Analysis of Small Business Patents by Industry and Firm Size , 2008 .