The recent renaissance in the use of prizes to spur innovation and extraordinary novel performance warrants close attention. Luciano Kay does so through a series of compelling case studies which shows the potential of prizes, the range of factors that influence their performance and the importance of understanding their non-pecuniary dimensions, even when there is a substantial purse. This is an important contribution to the innovation literature.' - David J. Teece, University of California, Berkeley, US'In the last decade innovation prizes have caught the imagination of policy makers and rich donors alike; those who actually care about the process and outcome of prizes and not only the hype, would do well to read Luciano s new book.' - Dan (Danny) Breznitz, Georgia Institute of Technology, US Inducement prizes - in which cash rewards are offered to motivate the attainment of specific targets - have long been used to stimulate scientific discovery and technology research and development. This volume presents an empirical investigation of the effect of these prizes on innovation. In this in-depth study, Luciano Kay focuses on three recent cases of prize competitions in the aerospace industry: the Google Lunar X Prize, the Ansari X Prize and the Northrop Grumman Lunar Lander Challenge. Using a combination of real-time and historical analysis based on personal interviews, workplace visits and questionnaire and document data analysis, the author examines the particular dynamics of the prize phenomenon and offers a comprehensive discussion of the potential of prizes to induce innovation. This fascinating volume also sets out a systematic method to studying prize incentives, offering a concrete innovation model and case study design approach that will prove highly useful to further research efforts in the field. Scholars, policymakers and corporate officials interested in incentives for innovation and the practical implementation of prize competitions will find this an invaluable resource. Potential prize sponsors and entrepreneurs, professionals and other individuals or organizations interested in participating in such competitions will also find much of interest in this groundbreaking book. Contents: Foreword 1. Introduction 2. Innovation, Policy and Prizes 3. Key Questions and Hypotheses 4. Methodological Aspects 5. A First Approach: The Ansari X Prize and the Northrop Grumman Lunar Lander Challenge 6. A Closer Look: The Google Lunar X Prize 7. Discussion 8. Theory, Policy and Research Implications 9. Conclusions Appendix References

This state-of-the-art study argues that reforms to intellectual property (IP) should be based on the ways IP is interacting with new technologies, business models, work patterns and social mores. It identifies emerging IP reform proposals and experiments, indicating first how more rigor and independence can be built into the grant of IP rights so that genuine innovations are recognized. The original contributions illustrate how IP rights can be utilised, through open source licensing systems and private transfers, to disseminate knowledge. Reforms are recommended. The discussion takes in patents, copyright, trade secrets and relational obligations, considering the design of legislative directives, default principles, administrative practices, contractual terms and license specifications. Providing contemporary empirical studies and covering public administration, collective and open approaches, and regulation of private transactions, this comprehensive book will prove a stimulating read for academics and students of law, business and management and development studies. Government policy makers and regulators as well as IP managers and advocates will also find much to provoke thought.

Strategic Innovation in Small Firms is an investigation of the commercialization practices of small firms across a wide range of industries in nine OECD countries. The authors examine the perspective of these firms managers on their national innovation systems and on their firm s innovation management practices. The research is focused on understanding the process of innovation management both from the perspective of the small firm and from a broader strategic perspective. Drawing on a database of 567 cases, the contributors examine the commercialization practices of small to medium sized firms across a wide range of industries. They suggest that there are more similarities than differences to be found between countries and industries with size, level of R&D intensity and type of innovation project being important points of difference. The need for increased formality in the commercialization of radical innovations is shown, although they find that most small firms are not characterized by such formality within their innovation management processes. This multinational study in which a common methodology and case study survey protocol is employed, will strongly appeal to academic researchers and research students as well as policy makers engaged in the support for innovation commercialization in SMEs. Entrepreneurs and small business owners will also find plenty of invaluable information in this unique and important resource.

This authoritative collection presents the most important and influential contributions to the study of entrepreneurial opportunity. The first section investigates the nature of entrepreneurial opportunity. The second presents the best work of the last ten years on the dynamics and nature of opportunity emergence. The careful selection of articles, alongside an original introduction by the editors, concludes by highlighting the varying contexts in which entrepreneurial opportunity can occur and strategies for researching it.

This book helps power industry executives to systematically navigate the complex technological and organizational changes necessary to recreate power grids. This is especially pertinent in the current environment characterized by volatility, uncertainty, complexity, and ambiguity conditions. Across the globe, the electric power sector is facing many forces of change as it transitions from a fossil-based system to cleaner sustainable resources. Leaders in the power sector face unprecedented challenges in responding to these changes while continuing to provide safe, reliable, clean, and affordable electricity. Recognizing that historical and existing ways will not work, Jagoron Mukherjee and Marco C. Janssen present a new paradigm for industry leaders to tackle some of the key questions to determine the best path forward: What will the business be like in the future? What technologies will likely prevail? How should my company respond to constant change? How expensive will the transition be? Will the customer expectations be met? How fast do we need to change? Drawing on well-known management principles, the book helps industry leaders to provide a methodology to tackle these questions and sharpen their decisions as they embrace innovation, new customer expectations and digitization in their efforts to steer the energy transition. Taking a holistic problem-solving approach, which addresses the power company as a whole, Recreating the Power Grid will be a valuable resource for all professionals working in this quickly evolving field.

Following the demise of the Washington Consensus, developing countries are looking for new ideas to guide their development. This innovative book suggests taking seriously some of the findings of evolutionary economics and paying specific attention to the institutions that matter for economic development, particularly those related to science, technology and innovation. The author highlights how the institutional framework that will allow countries to grow should include universities, government laboratories and policy incentives for human capital and business research and development. He argues that there are no simple policies and no 'one-size-fits-all' solutions, and that the majority of developing countries have not yet found the right combinations of institutions. The book suggests that building successful national and regional innovation systems requires at least one generation of continuous effort, significant trial and error, and a thorough knowledge of the experiences of the OECD countries that built those institutions in the past. It moves on to demonstrate how certain countries such as Canada, Finland and Singapore have succeeded in catching-up and how several others, for example Argentina, Egypt, Mexico and the Philippines, have failed. It then pinpoints the main industrial, science, technology and innovation policies required by developing countries to achieve their goals. This unique and timely book will appeal to postgraduate students of international economics, international business and development economics, as well as students of science, technology and society.

Freeze-drying, in the past popular in the food industry, has more recently been adopted by the pharmaceutical industry as a standard method for the production of stable solid preparations. Freeze-drying of Pharmaceuticals and Biopharmaceuticals is the first book to specifically describe this process, as related to the pharmaceutical industry. The emphasis of this book is on the properties of the materials processed, how effective formulations are arrived at, and how they are stored and marketed. Beginning with a historical overview of the process, Freeze-drying of Pharmaceuticals and Biopharmaceuticals briefly describes the processes and equipment involved, including: the physics, chemistry and biochemistry associated with freezing, aspects of formulation development, primary and secondary drying; the economics and engineering of scaling up; and, most importantly, attributes of the dried product. It also discusses in detail the science behind freeze-drying, such as the properties of crystalline and amorphous solids. The book concludes with selected case studies and discusses the future of freeze-drying, advances in alternative drying methods, and concludes with an extensive bibliography. This book, written by a leading expert in the field, is aimed primarily at product and process developers in the biopharmaceutical industry and academia.

New technologies often appear to be beyond the control of any existing governing systems. This is especially true for transformative technologies such as information technologies, biotechnologies and nanotechnologies. Peter Phillips examines in this book the deep governing structures of transformative technology and innovation in an effort to identify which actors can be expected to act when, under what conditions and to what effect. He analyzes the life cycles of an array of examples where converging technologies have created transformations and supervisory challenges. The author begins by providing assessments of the concepts of transformative technology, innovation, and related regulatory difficulties. He then evaluates the various tools commonly used to examine governing systems, including overarching paradigms for managing transformative innovation and the models and taxonomies used to investigate governing via the state, the market, and civil authorities. By applying the paradigms, tools and methodologies to current transformative changes, he investigates the challenges of governing in practice: first, the systems and authorities that define knowledge; second, the structures that regulate discovery, invention and ingenuity; third, the public, private and collective processes that engage in gestating new ideas; and, finally, the distributed governing networks underlying the production and marketing of new products. The book concludes with the author's observations on the implications of using deep governing systems and an appraisal of the strengths and weaknesses of our tools of analysis. Academic specialists, practitioners and professionals in the areas of economics, management, political science, sociology, public policy and science-technology-society studies will appreciate the author's broad theoretical approach. The methodological insights will interest those policymakers working on technological change and innovation policies in regional, national and international institutions.

Catalysis underpins most modern industrial organic processes. It has become an essential tool in creating a 'greener' chemical industry by replacing more traditional stoichiometric reactions, which have high energy consumption and high waste production, with mild processes which increasingly resemble Nature's enzymes. Metal-Catalysis in Industrial Organic Processes considers the major areas of the field and discusses the logic of using catalysis in industrial processes. This popular book, now available as softback, provides information on oxidation, hydrogenation, carbonylation, C-C bond formation, metathesis and polymerization processes, as well as on the mechanisms involved. In addition two appendices offer a concise treatment of homogeneous and heterogenous catalysis. Numerous exercises referring to problems of catalytic processes, and research perspectives complete the book. This definitive reference source, written by practising experts in the field, provides detailed and up-to-date information on key aspects of metal catalysis.

This book details polysaccharides and other important biomacromolecules covering their source, production, structures, properties, and current and potential application in the fields of biotechnology and medicine. It includes a systematic discussion on the general strategies of isolation, separation and characterization of polysaccharides and proteins. Subsequent chapters are devoted to polysaccharides obtained from various sources, including botanical, algal, animal and microbial.

In the area of botanical polysaccharides, separate chapters are devoted to the sources, structure, properties and medical applications of cellulose and its derivatives, starch and its derivatives, pectins, and exudate gums, notably gum arabic. Another chapter discusses the potential of hemicelluloses (xylans and xylan derivatives) as a new source of functional biopolymers for biomedical and industrial applications. The algal polysaccharide, alginate, has significant application in food, pharmaceuticals and the medical field, all of which are reviewed in a separate chapter. Polysaccharides of animal origin are included with separate chapters on the sources, production, biocompatibility, biodegradability and biomedical applications of chitin (chitosan) and hyaluronan. With the increasing knowledge and applications of genetic engineering there is also an introduction in the book to nucleic acid polymers, the genome research and genetic engineering.

Proteins and protein conjugates are covered, with one chapter providing a general review of structural glycoproteins, fibronectin and laminin, together with their role in the promotion of cell adhesion in vascular grafts, implants and tissue engineering. Another chapter discusses general aspects of a number of industrial proteins, including casein, caseinates, whey protein, gluten and soy proteins, with emphasis on their medical applications, and with reference to the potential of bacterial proteins. Another natural polymer resource, microbial polyesters, although small compared with polysaccharides and proteins, is also gaining increasing interest in biomedical technology and other industrial sectors. One chapter, therefore, is devoted to microbial polyesters, with comprehensive coverage of their biosynthesis, properties, enzymic degradation and applications.

By dealing with biopolymers at the molecular level, the book is aimed at the biomedical and wider materials science communities and provides an advanced overview of biopolymers at the graduate and postgraduate level. In addition it will appeal to both academic and industrial life scientists who are involved in research and development activities in the medical and biotechnology field.

In this wide-ranging collection of significant articles by leading scholars, the editors link the impact of innovation to the process by which firms and industries change over time and ultimately to economic development and growth. The books cover topics such as the impact of the product life cycle on industry evolution, the links between innovative activity and the start-up of new firms, and an analysis of the sources of diversity and the impact of diversity on economic evolution. The three key elements of the post-entry performance of firms are examined - their ability to survive, the learning process and the links between industry evolution and productivity. The books then explore the roles of turbulence and persistence in an evolutionary economy. Additional topics include the evolution of market structures, the evolution of regions and the international competitiveness of industries in an evolutionary context. Finally the books examine the implications for government policy of the links between innovation, industry evolution and economic development.

This Handbook provides breakthrough analyses on an important, cutting-edge topic: the connections between the legal system, both in substance and process, and innovation and growth. Arguably the most important intellectual development in legal scholarship and judicial decision-making over the past four decades has been the increasing use of economic modes of analysis in legal reasoning. The Handbook on Law, Innovation and Growth sheds new light on the linkages between innovation, growth and the legal system, answering questions that will help policymakers better understand and implement the law in an effort to advance economic welfare. This Handbook brings together many prominent scholars to examine the features of the legal infrastructure that affect both innovation and growth. Individual chapters explore different legal subject areas, in most cases offering recommendations for rule changes that could accelerate growth, primarily in the context of the US economy. The introductory chapter cohesively ties all of the contributions together and explains why it is time for legal scholarship and research to move in a new direction.Surpassing other literature on the subject, this landmark Handbook is certainly a critical volume for any student or scholar of law and economics.

Focusing on the design and implementation of computer-based automatic machine tools, David F. Noble challenges the idea that technology has a life of its own. Technology has been both a convenient scapegoat and a universal solution, serving to disarm critics, divert attention, depoliticize debate, and dismiss discussion of the fundamental antagonisms and inequalities that continue to beset America. This provocative study of the postwar automation of the American metal-working industry--the heart of a modern industrial economy--explains how dominant institutions like the great corporations, the universities, and the military, along with the ideology of modern engineering shape, the development of technology. Noble shows how the system of "numerical control," perfected at the Massachusetts Institute of Technology (MIT) and put into general industrial use, was chosen over competing systems for reasons other than the technical and economic superiority typically advanced by its promoters. Numerical control took shape at an MIT laboratory rather than in a manufacturing setting, and a market for the new technology was created, not by cost-minded producers, but instead by the U. S. Air Force. Competing methods, equally promising, were rejected because they left control of production in the hands of skilled workers, rather than in those of management or programmers. Noble demonstrates that engineering design is influenced by political, economic, managerial, and sociological considerations, while the deployment of equipment--illustrated by a detailed case history of a large General Electric plant in Massachusetts--can become entangled with such matters as labor classification, shop organization, managerial responsibility, and patterns of authority. In its examination of technology as a human, social process, "Forces of Production" is a path-breaking contribution to the understanding of this phenomenon in American society.

Collaborating with Customers to Innovate explores the collaborative potential offered by customers in digital environments to enhance the effectiveness of new product development. The internet has created the problem of an increasing need for innovation in a context where information is transparent, competitors are just one click away, and product lifecycles are shrinking. However, as the book demonstrates, the internet also provides the solution - enabling new forms of value creation with customers and an efficient way to harness distributed competences. Specifically, the authors highlight the role that digital environments play in allowing firms to engage customers in product design and testing. They develop a major review of web-based tools for marketing interaction and then explore the opportunities for sustaining innovation through collaboration beyond the customer-firm relationship. The book enriches an important debate in management and in academia on the new product development process. It encompasses marketing approaches and is sharply focused on the opportunities that digital technologies have created for involving customers in collaborative innovation, and actionable recommendations for putting collaborative innovation to work. The book will appeal to academics as well as practitioners in marketing and new product development as well as MBA students on marketing and new product development courses.

How does technology advance? How can we best assimilate innovation? These questions and others are considered by experts on the theories and applications of technological innovations. Considering subjects as diverse as the diffusion of new technologies and their industrial applications, governmental policies, and manifestations of innovation in our institutions, history, and environment, our contributors map milestones in research and speculate about the roads ahead. Wasteful, inefficient, and frequently wrongheaded, the process of technological changes is here revealed as a describable, scientific force.

- Two volumes, available separately and as a set

Expert articles consider the best ways to establish optimal incentives in technological progress.

Science and innovation, both their theories and applications, are examined at the intersections of the marketplace, policy, and social welfare.

Economists are only part of an audience that includes attorneys, educators, and anyone involved in new technologies."

Constructive Suggestions for Efficiently Implementing Technology Transfer

Theory of Science and Technology Transfer and Applications presents the mechanisms, features, effects, and modes of technology transfer. It addresses the measurement, cost, benefit, optimal allocation, and game theory of technology transfer, along with the dynamics of the technical diffusion field.

The book explores the concept of technology transfer and its mechanism as the main theme. It measures the cost and benefit of technology transfer, analyzes technology transfer based on technical diffusion field theory, and presents case studies to illustrate the use of a linear programming model and government investment and planning model. The authors also offer strategic analyses that utilize game models and discuss the impact of technology transfer on economic growth.

Accompanied by economic globalization, globalization in technology enables the rational allocation and flow of the elements of technology without restrictions, which in turn allows the sharing of technological activities and the space flow of technology more frequently. This book focuses on the creation and development of advanced productivities. Through many real-world examples, it shows how to implement technology transfer in society, leading technology to become socially and economically valued.

The biotechnology industry across the globe is growing dramatically in line with rapidly emerging scientific and technological developments. This book explores both the theoretical and practical aspects of entrepreneurship in the biotechnology industry, focusing on the innovation processes underpinning success for new biotechnology firms (NBFs). It argues that biotechnology is at a crossroads: to date the science has been solid, yet commercial success remains elusive, and that it will be the commercial success of NBFs which will dictate the long term viability of this crucial industry. The authors go on to examine the roles played by both entrepreneurship and innovation in the competitiveness of biotechnology companies through a focus on: intellectual property strategies, product development, valuing biotechnology ventures, funding innovation and R&D, alliances and networking, changing industry structures evidenced through the shifting value chain and the impact of globalization on the changing industry and organizational life cycles. International case studies with a focus on human biosciences support the important theoretical developments at the heart of this book. Innovation and Entrepreneurship in Biotechnology offers original and valuable insights to researchers, academics and students as well as to practitioners involved with innovation and entrepreneurship in the field of biotechnology.

This innovative book celebrates the tri-centenary of modern copyright, which began with the enactment of the Statute of Anne by the British Parliament in 1709, and was soon followed by other copyright legislation abroad. The Statute of Anne is traditionally claimed to be the world's first copyright statute, and is thus viewed as the origin of a system of national laws that today exists in virtually all countries of the world. However, this book illustrates that while there is some truth in this claim, it is also important to treat it with caution. Written by leading experts from across the globe, this comprehensive (historical) analysis breaks new ground on modern copyright issues such as digital libraries, illegal downloading and distribution, international exhaustion and 'new formalities'. The expert contributors consider what lessons can be learnt from the achievements made during the last 300 years, and whether they can be used to overcome the new challenges facing copyright. This in-depth scientific analysis of the legacy of the Statute of Anne 300 years on from its origins will provide copyright practitioners, academics, policy makers and postgraduate students with a unique and fascinating read.

Modern organizations must constantly adapt to survive in today's rapidly changing environment. A stagnant organization that cannot innovate to meet evolving conditions will eventually find itself no longer competitive in an increasingly complex and technologically sophisticated economy. Innovation and Knowledge Management focuses on three issues critical to success: knowledge management, innovation, and consortia. The author examines the interplay of these factors during a critical four-year period in the operation of the Cancer Information Service (CIS) - a knowledge management organization charged with delivering up-to-date, authoritative information to the public. The forerunner of many other knowledge delivery organizations, CIS was under pressure not only to distribute knowledge but to generate it. A consortium was formed between practitioners within CIS and researchers outside it to explore various innovative intervention strategies. The intersection of knowledge management, innovation and consortial arrangements at CIS provides a unique opportunity to examine no less than the future of organizations. This distinctive study will be of great interest to scholars, students, practitioners and policymakers in the fields of health, communications, knowledge management, information science and management.

Taking a different approach to biobanks - genetic databases that combine genetic information derived from blood samples with personal data about environment, medical history, lifestyle or genealogy, this book draws attention to their political and governance implications. It argues that for biobanks to be created, shaped, maintained, and to operate properly, a number of interrelated conditions need to exist, from legal environment to funding mechanisms and social acceptance.

The book takes a comparative focus, with chapters on biobanks in Iceland, Estonia, Scandinavia, France, US, Japan, UK, Germany, Australia and Israel, and is divided into three parts which:

• introduce the conceptual framework that underpins the volume
• focus on biobanks as a challenge for governance
• emphasize biobanks as a tool and site for governance.

This groundbreaking book makes clear that biobanks are a phenomenon that cannot be disconnected from considerations of power, politics, and the reshaping of current practices in governance. It will be a valuable read for scholars and students of genetics, bioethics, risk, public health and the sociology of health and illness.

This comprehensive collection presents the classic articles in the economics of invention and innovation. It covers topics related to sources of inventive and innovative activity, including exogenous and endogenous innovation, with an emphasis on R&D activity and the diffusion of new techniques. Professor Link has prepared an original introduction, which offers an authoritative overview of a subject that is of growing importance to both economists and management scientists.

In the light of increased discussion of technology policy by all major industrial countries, this volume presents the state of the debates and institutional change in the United States, the United Kingdom, the European Union and Canada. It goes on to present studies of the major changes taking place in these countries, with regards to the adoption of new technology, and the reorganization of institutions to suit these changes.

This authoritative collection reprints the key articles in the field of the economics of patents. The editor's selection, contextualised by a comprehensive introduction, examines the classic literature on the design and evolution of the patent system, the now well-established body of work on the use of patent statistics as a measure of invention and technological change, and the new interest in the analysis of corporate patenting. Volume I explores the nature of the patent system, the breadth of patent scope, and the historical foundations of patenting. It goes on to cover overall macro-trends and sectoral patterns of patenting over long periods, as well as critical appraisals of the use of patent statistics. Volume II addresses topics such as firm motivations to patent, the valuation of patents, and determinants of variations in the propensity to patent. It concludes with the analysis of corporate technological profiles, and patterns of knowledge flows, science-technology relationships and social networks.

The Lisbon Agenda aims to prepare Europe for globalization by updating European policies for research, innovation, competition, trade, employment, education, social protection, environment and energy at both the European and national levels. Designed to inspire the new cycle of the Lisbon Agenda until 2010 and beyond, this timely and significant volume explores the intellectual elaboration of the agenda for the coming years. With contributions from some of Europe's leading scholars, this book explores new developments in the European agenda for globalization, addressing four critical areas: European policies, their adaptation to national diversity in Europe, their implications for the external action of the European Union and, finally, their implications for EU governance. This book presents the outcome of an organized dialogue between the political and research communities. Europe, Globalization and the Lisbon Agenda will undoubtedly prove an outstanding addition to the current literature and will be an invaluable resource for European policy-makers, governments and academics from a wide range of disciplines who are concerned about the future competitiveness of Europe.

The International Association for Management of Technology (IAMOT) is one of the largest scientific associations dedicated to advance the education, research and application of management of technology. The annual IAMOT conference assembles the most prominent scientists and experts in the field. The 17th conference held in 2008 included over 300 papers by experts from various countries. This volume is a collection of the best, high quality papers presented at the conference, covering topics and issues related to the knowledge economy, commercialization of knowledge, green technologies, and sustainable development.