A comprehensive Q&A article by Chelsea Wald for the May issue of Nature digs deep in foundation times of the Munich Biotech Cluster and lessons learned in 20 years of support for entrepreneurship in biopharma.
see in detail:
http://www.nature.com/nature/journal/v533/n7601_supp/full/533S30a.html
the whole supplement:
http://www.nature.com/nature/outlook/research-commercialization/