Knowledge Networks and Markets in the Life Sciences
Around the OECD countries and beyond, there is a proliferation of initiatives in the life sciences to bring together disperse elements of global research and establish an effective virtual infrastructure for open innovation. Their common goal is to leverage innovative capacity by creating interconnected webs of knowledge and exploiting external expertise.
Some such initiatives have as their goal the monetisation and trading of knowledge in the form of intellectual assets. Others seek to create networks for pooling and exchange of knowledge. Together, these initiatives can be referred to as “knowledge networks and markets” (KNMs). This report considers the development of such KNMs and examines the impact of current initiatives and the possible options for governments, working with the private sector, to improve innovation efficiency and effectiveness.
Improving the interoperability of knowledge resources is fundamental to the creation of a necessary shared infrastructure for efficient KNM to emerge, as is related sustainable funding and policy clarity. Governments can play a vital catalytic role in improving the productivity of KNMs through such infrastructure development and encouragement of associated social networking. the report makes suggestions for some priority actions based on existing case studies.
Executive summary
There is a proliferation of initiatives in the life sciences to bring together dispersed and diverse elements of the research infrastructure and simplify the process for learning about, accessing and utilising sometimes dispersed knowledge and intellectual assets. The common goal of these initiatives is to leverage innovative capacity by creating interconnected webs of knowledge that exploit external expertise. Recent advances in information technology make these initiatives possible: the storage capacity of data; its ease of transmissibility across the Internet; the development of software to access, make interoperable and analyse data, as has the creation of governance systems that regulate access and use of data. In this report, we refer to such initiatives as “knowledge networks and markets” (KNMs).