Bioentrepreneurship: A venture for commercializing biotechnological knowledge

Authors : Shailju G Gurunani, Shubhada V Mangrulkar, Dhanashri T Jawal, Dinesh R Chaple

DOI : 10.18231/j.ijcaap.2021.009

Volume : 6

Issue : 2

Year : 2021

Page No : 48-52

The term "biotechnology" is widely used and encompasses many different technologies. Consulting firms provide common definitions of modern biotechnology. The term "modern biotechnology" refers to all innovative methods, processes or products, including the use of living organisms or their cellular compartments, and the use of biochemistry, molecular biology, immunology, virology, microbiology, cell biology or environmental sciences and engineering. Biotechnology and entrepreneurship are intrinsically linked together, and are studied biotechnology at the regional, firm, and individual level of analysis The concept of "bioentrepreneurship", is described as a wealth created by applying the life sciences to a business environment. Bioentrepreneurs seek business value in the technologies they use to conduct biotechnology research. Some well-known bio startups are based on multiple companies. Biotechnology and entrepreneurship are essentially linked. In recent years, a large number of articles in the business literature have studied biotechnology at the level of analysis of regions, companies and individuals. This review article will encourage stakeholders to address the research space which have been recognized and will help more progress in this captivating area of ??interest in the field of biotechnology and entrepreneurship.
 

Keywords: Bioentrepreneurship, Biotechnology, Regional level research, Firm level research.


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