A business centered around the utilization of biological processes, organisms, or systems, for creating or modifying products or services, is known as a biotechnology business. Biotechnology presents immense promise, encompassing applications in pharmaceuticals, healthcare, agriculture, environmental science, and more.
The biotechnology industry holds great importance due to its potential to address some of society’s most pressing challenges. From developing cures for diseases to creating sustainable food sources, biotechnology offers groundbreaking solutions. The historical context of biotechnology dates back centuries, with the use of fermentation in brewing and food production. In the modern era, advancements in genetic engineering and molecular biology have revolutionized the field, leading to the development of innovative products and therapies.