Upcoming events of DIW Berlin https://www.diw.de/en/diw_01.c.621973.en/calendar.html Events en https://www.diw.de/sixcms/media.php/37/diw_logo_farbe_mini.jpg DIW Berlin https://diw.de/ Demand Networks: Theory and Measurement in Denmark http://www.diw.de/sixcms/detail.php?id=diw_01.c.816315.en 16:00-18:00

Venture Capital in Diabetes: A Yes to Big Hits, a No to Competition http://www.diw.de/sixcms/detail.php?id=diw_01.c.818093.en 10:30 - 11:30

Venture capital (VC) is often seen as an instrumental tool that allows many start-ups to pursue innovation with the potential to shake-up current markets and/or to replace incumbents. Using a highly granular, project-level dataset from preclinical diabetes R&D, this paper shows that VCs actively steer the direction of R&D and streamline activities of research focused firms (pipeline firms) - but not in such a direction. On the one hand, VC backed projects are more likely to be pursued, but only if they have a breakthrough potential and do not face any existing product market competition. On the other hand, in large enough firms, VCs are more likely to discontinue projects in the markets with existing product competition and projects that are technologically closer to the projects of big diabetes incumbents. In addition, the latter effect is stronger for incumbents with the highest market power. The results therefore suggest that whilst VCs pursue potentially more valuable “big-hit” innovations creating new markets, they also actively streamline R&D to avoid competition in the existing markets – especially with the incumbent firms.

Good Scientific Writing in English http://www.diw.de/sixcms/detail.php?id=diw_01.c.817226.en July 5, 2021: 13:30 – 17:00
July 6 2021: 9:00 – 16:30

The DIW Graduate Center is pleased to offer a workshop on writing good texts for academic journals. It is designed for all doctoral students and researchers at DIW who would like to improve their English writing skills. We offer two alternative sessions of the same content to make participation available to more people. Each session can host 8 persons. Please register with Daniela Centemero (dcentemero@diw.de) by April 30, 2021 for one of the two sessions and also indicate the availability for the alternative date. Please note: Registrations will be accepted on a first-come, first-served basis.