ETLA publication no 978, 2005

Raine Hermans
Martti Kulvik
Antti-Jussi Tahvanainen


This paper presents descriptive statistics on intellectual capital and value creation of the biotechnology industry. We discuss the main findings of the ETLA survey of 2004 and indicate topics for further research.

ETLA, the Research Institute of the Finnish Economy, conducted surveys at the end of 2004 and at the beginning of 2002 on the enterprises listed in the Index of Biotechnology Companies of the Finnish Bioindustries organization. The surveys provide data on financial accounting, R&D activities, intellectual property rights, and sales forecasts. In addition to the updates, the ETLA 2004 Survey also provides detailed linkages to product-level information that incorporates R&D and sales figures, forecasts thereof, collaboration patterns, science-base mapping, and academic origin of the innovations.

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