Management of technological innovation

Abstract

Purpose -The aim of this paper is to contribute to understanding of the process of innovation in the biotechnology companies operating in Brazil. The paper identifies the most critical factors in the innovation process of the enterprises in this sector; the paper then analyses the dynamics of the sector and the contribution of the universities and incubators to the innovation process and also evaluates how these elements affect the management process of the technological innovation within and outside the organization. Design/methodology/approach -The research was of the qualitative exploratory type and involved seven case studies of biotechnology companies of different sizes, acting in various sectors, having undergone or not an incubation process. For interpretation of the results, content analysis was utilized.Findings -The study indicated that, among the many obstacles to innovation, access to finance is the most critical. Partnerships have been adversely affected due to institutional and regulatory factors, namely a lack of clear laws and rules regarding intellectual property. The companies have sought to compensate by making their internal processes agile, creating flexible organizational structures and an organizational environment favourable to innovation, which is internalized, as a practice, in a tacit manner.Research limitations/implications -Limitations are associated with the case study methodology: the results presented pertain to the companies studied, and, therefore, cannot be generalized or extended to other companies or areas. Practical implications -The management process of innovation occurs in an informal and less than systematic manner. The innovation process in Brazilian biotechnology companies benefits from a pro-active posture adopted by them to manage and learn from adversity. Originality/value -The paper increases understanding of the innovation process in Brazilian biotechnology companies.