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Knowledge Networks and Markets in the Life Sciences

image of 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.    

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Conclusions and research needs in knowledge networks and markets

This final chapter presents conclusions and policy recommendations. It identifies what are the common features of knowledge networks and markets (KNMs) and on what criteria they differ. It reiterates why KNMs matter for innovators in the biopharmaceutical sector, in particular because of their contribution to: addressing financial pressures, accelerating science and development, improving health outcomes, and improving the regulatory dialogue. The chapter concludes with a review of the support that KNMs currently enjoy from government and sets out proposals for possible future focus.

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