How Do Founders Construct Biotech Companies ?

This paper tracks the entrepreneurial process underpinning biotech firms’ construction. The process model shows that information collection, industry analysis, and resources analysis generate a research and development target. Transactions and networking are employed to collect resources. Resources are deployed by capabilities to obtain the research and development target generating a social impact and financial performance. This process model could help aspiring founders to know which steps they have to take. Moreover, the findings show two important features that biotech founders hold before starting the business: a network made by other biotech organizations and past scientific experiences.