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Title: How does regulatory uncertainty shape the innovation process? Evidence from the case of nanomedicine
This study investigates the effect of regulatory uncertainty on the translation of scientific discovery on emerging research topics to technical applications in science-driven industry. Our empirical analysis using the case of the US Federal Drug and Food Administration’s release of the report on the regulatory approach to nanomedicine in 2007 shows that; (1) the regulatory uncertainty decelerated the translation of nanomedicine research to technical applications, (2) this effect was particular for the nanomedicine research on emerging topics in the field. Our further analysis suggests that the effect of the regulatory uncertainty originated from the suppressed business activities in the field where the regulatory uncertainty presents. Our study elaborates on how regulatory authority actions shape the innovation process by shedding light on the impact of regulatory uncertainty on the development of technical applications of an emerging scientific area.  more » « less
Award ID(s):
1759960
PAR ID:
10399939
Author(s) / Creator(s):
; ; ;
Date Published:
Journal Name:
The Journal of Technology Transfer
ISSN:
0892-9912
Format(s):
Medium: X
Sponsoring Org:
National Science Foundation
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