Authors: Julia F. Li; Elizabeth Garnsey
Addresses: Gates Cambridge, 33 Bridge Street, Cambridge, CB2 1UW, UK ' Institute for Manufacturing, 17 Babbage Rd Cambridge, CB3 0FS, UK
Abstract: What kind of business models can be used to provide affordable healthcare on a viable basis? This paper points to new business models that attract participants in a value chain for innovation. Public-private partnerships can help to activate a supportive ecosystem and draw in participants to contribute to the innovation value chain. There are few economic incentives stimulating R&D for diseases of poverty. But policies with global reach have created new sources of financing to accelerate healthcare innovation in resource-poor settings. Combining resource-based theory of the firm with ecosystem analysis, we extend entrepreneurship theory beyond conventional applications and point to new business models to achieve global health objectives. We use case study evidence from the Meningitis Vaccine Project to show how entrepreneurial innovation can build resources and create value in the healthcare ecosystem.
Keywords: entrepreneurship; global health; resource-based theory; innovation value chain; technological innovation; ecosystem.
International Journal of Technology and Globalisation, 2020 Vol.8 No.3/4, pp.323 - 343
Accepted: 03 Mar 2018
Published online: 18 Dec 2020 *