The effects of inducements and opportunities of start-ups relevant in alliance formation on the continuation of alliances

Abstract

Because of the complexity and the fragmentation of resources among different parties, alliances are essential for the growth of biotech ventures, as the set of needed configuration of resources can only be acquired through alliances. This study shows a clear picture that different resources (i.e. assets and competences) in terms of inducements and opportunities that have lead to alliance formation are also relevant for alliance continuation. The results show that patents, R&D capacity, the management team, the network position of start-ups and partnerorganization and the development phase are statistically relevant for alliance continuation.