This report, commissioned by Dubai Science Park, traces their trajectories from imitators to innovators, explores the obstacles faced, and identifies strategic lessons for countries seeking to nurture their own life sciences sector.
Key findings include:
- The role of government in nurturing innovation is shifting away from intellectual property and towards direct R&D funding and incentives.
- Collaboration is vital to innovation, but is not common enough in emerging markets.
- Success does not depend only on size. Small economies have benefited by leveraging location, business environment and local skills.
- Medical technology and health informatics is a promising avenue for emerging markets.