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How does regulatory uncertainty shape the innovation process? Evidence from the case of nanomedicineThis 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
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null (Ed.)Abstract This article puts forth a new indicator of emerging technological topics as a tool for addressing challenges inherent in the evaluation of interdisciplinary research. We present this indicator and test its relationship with interdisciplinary and atypical research combinations. We perform this test by using metadata of scientific publications in three domains with different interdisciplinarity challenges: Nano-Enabled Drug Delivery, Synthetic Biology, and Autonomous Vehicles. Our analysis supports the connection between technological emergence and interdisciplinarity and atypicality in knowledge combinations. We further find that the contributions of interdisciplinary and atypical knowledge combinations to addressing emerging technological topics increase or stay constant over time. Implications for policymakers and contributions to the literature on interdisciplinarity and evaluation are provided.more » « less
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