Examines the growth and development of the biotechnology industry, looking at the effects of individual scientists, universities, and federal research support. Specific focus is on the development of the underlying science in biotechnology and the location of those individuals involved in the...

High-tech firms are built much more on the intellectual capital of key personnel than on physical assets, and firms built around the best scientists are most likely to be successful in commercializing breakthrough technologies. As a result, such firms are expected to have higher market values...

We examine the effects of university-based star scientists on three measures of performance for California biotechnology enterprises: the number of products in development, the number of products on the market, and changes in employment. The `star' concept which Zucker, Darby, and Brewer (1994)...