Mexico City, May 23, 2023 - Entrepreneurship is currently a key factor in all countries, both developed and less developed, as it has a significant impact on poverty reduction, job creation, sustainable development and the revitalization of the environment.
At the same time, entrepreneurship creates innovation for the development, growth and competitiveness of companies. Thus, the greater the number of entrepreneurs in a country, the more job opportunities and greater possibilities for innovation, and therefore all this contributes to the improvement of the country's economy and the quality of life of the people.
These are facts that Dr. Antonia Terán Bustamante, a researcher at the School of Economics and Business Administration of the University of Mexico, Mexico City campus, has been able to confirm through three different investigations. Universidad PanamericanaThe researcher, Dr. Antonia Terán Bustamante, a researcher at the School of Economics and Business at the Mexico City campus, has been able to confirm through three different investigations:
- Linking the talents of researchers and entrepreneurs for innovation.
- Entrepreneurship and innovation capabilities: the case of a biopharmaceutical company in Mexico.
- University-Industry Collaboration: A Sustainable Technology Transfer Model.
Company-university linkage
According to the doctor, it is essential that all companies continue to be entrepreneurial throughout their life cycle, as this allows them to continue to innovate and become more competitive.
"Intrapreneurship, also known as corporate entrepreneurship helps the company to renew and revitalize the business, innovate and improve its commercial performance," says Dr. Terán.
On which he adds: "This intra-entrepreneurship takes place among employees within an organization, whereas entrepreneurship tends to be mainly concentrated externally".
Regarding the linkage with universities and research centers to carry out joint projects, the doctor states that it is a very important activity for both actors.
"This link between academia and the productive sector stimulates the use of the results of research activities carried out in academia to translate them into economic and social value, in which both actors win," he explains.
Entrepreneur: key figure
The researcher points out that entrepreneurs are fundamental: "Entrepreneurs have the capacity to innovate. They see life full of possibilities and opportunities, they have vision and willingness to try new things or do things differently, and they have the ability to take risks and make mistakes responsibly, react and solve problems (...)".
In accordance with the above, he indicates that entrepreneurs are required as central figures in the innovative process together with the researcher: "An entrepreneur plays a key role in economic development, both for his strategic vision and his ability to generate innovations in markets, employment and economic growth".
Case example: Bioclon Institute
During the research project Entrepreneurship and innovation capabilities: the case of a biopharmaceutical company in Mexico, one of the most recent in which Dr. Antonia was involved, the Bioclon Institute was analyzed, a Mexican biopharmaceutical company, world leader in the research, development and production of antivenoms against the sting and bite of poisonous animals, based on innovation as its main source of competitiveness.
"These competitive advantages that it has developed over time have been the result of its entrepreneurial approach, where the efforts articulated under a strategic plan based on the constant innovation of processes, products, marketing and organization, through an innovation and technology management model, supported by a strong academy-industry linkage program, stand out , " he explains.
In addition, he explains that Bioclon Institute is one of the few biopharmaceutical companies in Mexico that has a broad portfolio of patents and trademarks at national and international level. "This achievement has been supported by its linkage with academia, as they have jointly shared the registration of several patents," he states.
Some results
The doctor points out that the results of this research, although they cannot be generalized, "show an excellent example of a company that has developed organizational competencies to be able to link up adequately with universities and research centers," she says.
He adds that this characteristic has allowed Instituto Bioclon to innovate by improving its processes and generating more products to patent in a sector as difficult as the biopharmaceutical sector (due to the regulations and processes that have to be carried out in order to launch a new product).
"Collaboration has enhanced the absorption of learning and knowledge, allowing the company to accumulate organizational capabilities in entrepreneurship, technology and management, which in turn have increased the level of innovation," he concludes.
Researcher's data
Faculty of Economics and Business Administration
