The emergence of novelty is a driving agent for economic change. New technologies, new products and services, new institutional arrangements, to mention a few examples, are the backbone of development and growth. Important though it is, the emergence of novelty is not well understood. What seems...

In seeking to support the longevity of firms in high technology industries, much research effort has been directed at understanding the stages of growth and development of these firms. One industry regarded as vitally important to most national economies is biotechnology. Although our knowledge...