Introduction: innovation and entrepreneurship-- Entrepreneurship in the biotechnology context--Innovation and R&D management Co-authored by Nicky Milsom, Koala Research Ltd-- Funding innovation in biotechnology companies--Intellectual assets I – intellectual capital in biotechnology firms--Intellectual assets II – intellectual gravity and managing IP inbiotechnology firms--The cycle game I – product life cycle, R&D cycle and organizational life cycle--The cycle game II – business, market and industry cycles--Public policy, regulatory and ethical challenges facing theentrepreneurial biotechnology firm--The biotechnology value chain--Biotechnology industry and firm structures--Product development and innovation diffusion--Biotechnology industry growth models: an international perspective--Index