Opportunities for Biotechnology Research and Entrepreneurship

Author(s): Antony V. Samrot*, M. Sathiyasree and P. Prakash

DOI: 10.2174/9789815196115124010012

Industrial Biotechnology - Scope and Risks in Establishing an Enterprise

Pp: 207-223 (17)

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Abstract

SHS investigation development is considered from the geographical and historical viewpoint. 3 stages are described. Within Stage 1 the work was carried out in the Department of the Institute of Chemical Physics in Chernogolovka where the scientific discovery had been made. At Stage 2 the interest to SHS arose in different cities and towns of the former USSR. Within Stage 3 SHS entered the international scene. Now SHS processes and products are being studied in more than 50 countries.

Abstract

The use of enzymes, microorganisms, and plants to create energy, and industrial chemicals for consumers is industrial biotechnology. This sector utilizes natural processes to maximise and improve biochemical pathways that can be used in the manufacturing process. The integration of biotechnology into industrial processes is changing not only how we produce goods but also bringing us new goods that were unthinkable just a few years ago and has created a lot of room for innovation and entrepreneurship. The commercial aspects of industrial biotechnology as well as the possible fundamental strategies associated with working biotech entrepreneurs and professionals in addition to its scope and risk involved in it are discussed here.

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