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The rise of the Indian biotech industry and innovative domestic companies

机译:印度生物技术产业和创新型国内公司的崛起

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This paper uses India's biotech industry as a case to study the catching up of late-industrialising economies. Several conclusions can be drawn. First, innovation capability is critical for domestic companies' success. Second, certain institutional factors have encouraged indigenous technology development of domestic companies in India, such as the price control imposed by the government, technology transfer from Indian public and international research institutions, and funding from the government and the international charity organisations. Third, domestic companies have utilised manufacturing capability to quickly turn the technology into products and reinvest the profit into R&D.
机译:本文以印度的生物技术产业为例,研究工业化后期经济的追赶。可以得出几个结论。首先,创新能力对于国内公司的成功至关重要。其次,某些制度性因素鼓励了印度国内公司的本土技术发展,例如政府施加的价格控制,印度公共和国际研究机构的技术转让以及政府和国际慈善组织的资助。第三,国内公司已经利用制造能力迅速将技术转化为产品,并将利润再投资于研发。

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