Future of biotechnology companies:A global perspective

Abstract

In the current scenario of environmental friendliness, need of sustainable development, globalization, and fast technological developments, biotechnology which has been used in a crude manner by mankind since thousands of years, has become quite relevant especially in its most modern form. Out of the three forms viz. white, red, and green biotechnology, white or industrial biotechnology has become the technology of the day. The present chapter briefs about the global and regional drivers of its developments all over the world. With an overview of the global biotechnology clusters, challenges involved in setting biotechnological companies are discussed. Finally, the great market potential involved for biotechnological companies has been highlighted with a suggestion of three groups of companies (http://www.oecd.org/ sti/biotech/44776744.pdf) that can be set up for harnessing the vast potential involved in biotech products all over the world.