Entrepreneurship vs. Bioentrepreneurship

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Author(s): Sneha Upreti (Banasthali University, India)
Copyright: 2021
Pages: 20
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.ch003

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

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Abstract

The word bioentrepreneurship and entrepreneurship share the similarity in the fact that they must have a great and an innovative idea behind starting a business setup and to raise an investment. Also, they both must have a great idea about marketing of the related products and managing their start-up. If we talk about the difference, the common difference is the sector or field in which a startup is carrying on. In simple words, entrepreneurship is the process of launching any new business based on an innovative idea. On the other hand, bioentrepreneurship is the process that is started in the field of science (i.e., biotechnology). Nowadays, bio-industrialization is the key to being a modern and developed country, and this is the only reason bioentrepreneurs are highly in demand. Thus, this chapter will help you to understand the pillars to setup a startup based on biotechnology that has an excellent future perspective not only for entrepreneurs but also for the nation.

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