chapter  17
Entrepreneurship and Science-Based Venturing: The Case of Vaccine Development: Esther Pronker, Ab Osterhaus, Eric Claassen, & Willem Hulsink
ByESTHER PRONKER, AB OSTERHAUS, ERIC CLAASSEN, & WILLEM HULSINK
Pages 16

A major challenge in every science-and technology-driven industry is the continuous development of novel products, concepts, and designs based on new scientifi c achievements. It requires a bridging of the gap between the organizations that conduct fundamental and applied research (universities, academic hospitals, research institutes, and industrial research departments) and those that develop them (existing and newly created companies). Apart from the generation of new knowledge and its effective transfer to business and society (i.e., commercializing scientifi c discoveries), sciencebased venturing includes distinctive roles that have to be taken by scientists, entrepreneurs, and small and large businesses.