Bioentrepreneurship: Emerging Stages

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Author(s): Sunita Rao (Dr. B. Lal Institute of Biotechnology, India), Avinash Gupta (ICFAI Business School, The ICFAI University, India)and Gajra Garg (Mahatma Jyoti Rao Phoole University, Jaipur, India)
Copyright: 2021
Pages: 12
Source title: Bioentrepreneurship and Transferring Technology Into Product Development
Source Author(s)/Editor(s): Swati Agarwal (Banasthali University, India), Sonu Kumari (Banasthali University, India)and Suphiya Khan (Banasthali University, India)
DOI: 10.4018/978-1-7998-7411-9.ch007

Keywords: Business & Management / Business Science Reference / Entrepreneurship / Entrepreneurship & Innovation

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Abstract

The current image of biotechnology in developed countries is practiced at an adequate grade, but the greater part of developing countries is still miserable and far from its future vision. This current gap needs to be filled in some aspects via bioentreprneurship, which is fundamental for the development of the economy, provides a source of welfare with economic growth, promising to bring the social well-being and environment friendliness or all-over sustainable development. As a result, it can generate revenue in a community business, and henceforth, it must be very worthy for biotechnology. Developing nations can indeed turn out to be emerging players in the modern bioeconomy. The advancements in emerging stages towards this issue ought to be an acceptable solution that would be viable in long run. The relevance of bioentrepreneurship to sustainability is conceptualized in the connection with current emerging aspects in developing nations.

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