Entrepreneurship in Biotechnology

LAB
Short Term Course
Free
bio-entrepreneurship
  • 5 lessons
  • 1 quizzes
  • 5 week duration

Module 3

Province Research on Biotechnology Entrepreneurship

Research and development area in biotechnology at the province level has initially aimed on Biotechnology firms and their organizations at the regional scale. The emergence of biotechnology industries and the effects of these industries indulged have been identified by a considerable individual of researchers from different discipline such as industrial firms.

Biotechnology Grid

Biotechnology grid within the biotechnological sector focusing on the role of networks for the creation of knowledge in biotechnological industries. When biotech companies ties up with the organization, they are capable to learn enough to compete successfully in the biotechnology sector.

According to US Biotechnology organizations from 1991 to 1995, the researchers finds the wide support for their structures to create a network containing multiple positions.

Beside these studies on Biotechnology grid, the Bioscience network gives further benefits for new biotechnological firms. Biotechnological grid is the concept of networking or social capital. To analyze the concepts of new biotechnology firms or in order to achieve high performance, biotechnology firms needs to continuously adjust their social networks to their changing resources along with satisfactory growth.

 

Biotechnology Development Policy

On the contrary to the Biotechnology policy, United states and United kingdom which have grown over 10 years in known institutes or organizations like Oxford, Stanford and MIT. Like one example of Germany, they emerged with national contest known as “BioRegio-Contest” for governmental funding to produce a local biotechnology industry or firm. And that efforts leads to the goods of BioRegio-contest is that the main actors are promoting biotechnological change and initiates the collaboration at local levels.

According to Biotechnology Policy, United states as well as asian biotechnology clusters emerged in wide ranges with a highly scientfic knowledge base. National Innovation Systems

(NIS) defines to the set of institutions, organizations as well as firms for the diffusion, transport & technological knowledge modulating in specific nation (Galli and Teubal, 1997).

In sum, biotechnology research and development at local or regional scale has a strong knowledge on understanding the considerable networking system within the institutions.