Developing a strategic policy choice framework for technological innovation: A case study on the biopharmaceutical industry in China

In this research, a technology policy choice framework is developed to link prospective high-tech areas, technology development strategies, and various innovative resources. The research approach is to develop a Hierarchical Decision Model. Experts are invited from diverse sources to provide a balanced perspective representing different stakeholders. This research focuses on the fast developing Chinese biopharmaceutical industry as a case study. The results of this research have identified thirteen biotech areas, four strategies and eight types of innovation resources to achieve industrial competitiveness in the biopharmaceutical industry. The research outcomes serve as guidelines in resource allocation and policy making for technology development.