Key Success Factors in Polish Biotech Ventures
Key Success Factors in Polish Biotech Ventures

Summary/Abstract: In this paper we set out to provide a case study based assessment of the Polish bio-pharmaceutical industry. First, we assess the most important barriers to the commercialization of inventions in Poland. Than, we critically review existing statistical reports of the Polish biotechnology sector. Finally, we follow with interview based case studies of selected innovative firms in the sector of health biotechnology and identify the critical factors of their success. Out of the small population of 20 Polish biotech companies six firms were selected (a 30% sample) and judged to be representative for the sector in Poland: one big firm, two medium sized firms, and three small ones. We show how this representative selection – in spite of numerous barriers – Polish inventors and entrepreneurs often coming from the academic community is able to achieve success. Finally, we compare the progress of Polish biotechnology with the condition of this industry in other emerging economies.

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