Basic science and treatment innovation

Technology and basic science: the linear model of innovation

The concept of the “linear model of innovation” (LMI) was introduced by authors belonging to the field of innovation studies in the middle of the 1980s. According to the model, there is a simple sequence of steps going from basic science to innovations – an innovation being defined as an invention that is profitable. In innovation studies, the LMI is held to be assumed in Science the endless fr...

fluoride and dental fluorosis and treatment

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Science, Innovation, and Innovation in the Science of Pharmacy

science, technology and innovation policy

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Basic Research and Sequential Innovation

The commercial value of basic knowledge depends on the arrival of follow-up developments mostly from outside the boundaries of the inventing firm. Private returns would depend on the extent the inventing firm internalizes these follow-up developments. Such internalization is less likely to occur as knowledge becomes more general. This motivates the historical concern of insufficient private inc...