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Q16 (CAPF/2024) Science & Technology › Biotechnology & Health › Industrial and environmental biotechnology

Biotechnological research is promoted through the development of 'Biotechnology Parks'. Which of the following is/are essential to bring technology to market? 1. Development of new product 2. Entrepreneurship 3. Technology incubation Select the answer using the code given below:

Result
Your answer: —  ·  Correct: C
Explanation

Biotechnology Parks and incubators are designed to bridge the gap between research and commercialization. Bringing technology to market requires a comprehensive pipeline starting with the development of new products or significantly improved services . Technology incubation is a critical mechanism for this transfer, providing the necessary infrastructure, technical mentoring, and seed funding to move innovations from the lab to the market [1][3]. Furthermore, entrepreneurship is the driving force that converts these technological developments into viable business ventures [1][2]. Official strategies emphasize that a vibrant entrepreneurial base and translation ecosystem are essential for positioning India as a bio-manufacturing hub . Biotechnology Business Incubators (BBIs) specifically focus on technologies needing support for commercialization, facilitating the interface between research, commerce, and industry [2][4]. Therefore, product development, entrepreneurship, and technology incubation are all essential components for market entry.

Sources

  1. [1] https://www.iimb.ac.in/sites/default/files/2018-07/WP_No._358.pdf
  2. [3] https://birac.nic.in/webcontent/Bionest_Compendium.pdf
  3. [2] https://dst.rajasthan.gov.in/WRITEREADDATA/cms/Documents/202210130246284060685%E0%A4%AE%E0%A5%8C%E0%A4%9C%E0%A5%82%E0%A4%A6%E0%A4%BE%E0%A4%94%E0%A4%B0%E0%A4%A8%E0%A4%8FRTBI%E0%A4%94%E0%A4%B0BBI%E0%A4%95%E0%A5%87%E0%A4%B2%E0%A4%BF%E0%A4%8F%E0%A4%A6%E0%A4%BF%E0%A4%B6%E0%A4%BE%E0%A4%A8%E0%A4%BF%E0%A4%B0%E0%A5%8D%E0%A4%A6%E0%A5%87%E0%A4%B6.pdf
  4. [4] https://mpbiotech.nic.in/btpark.html
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