Biotechnology: How to Start Biotechnology Business in Singapore

Biotechnology uses living organisms in a biological system for product applications. The systems encompass different science disciplines such as gene technology, genomics and immunology. The science is related to other fields such as bio-manufacturing, bioengineering, molecular engineer and molecular biology.
The technology is applicable to the development of pharmaceutical drugs and food production. They use tissue culture, artificial selection, genetic engineering to achieve their product. The aim is to improve value in agriculture, consumables and medicine.
Biotechnology is based on research, test, development, exploitation, extraction technics that a biological.
biotechnology
Biotechnology in Singapore
Singapore has grown in recent years as a top location for biotechnology. This was achieved because of heavy investment in the sector by the Government. With an initial investment of 6 billion dollars and additional 16.1 billion the industry is well positioned for greater achievements.
World leading pharmaceutical companies have found a good partner in Asia. This has significantly increased employment and further investment in the sector. The industry has contributed a huge 5% GDP in 2011. 
Key to Success
Key success of bio-technology in Singapore is inflow of foreign investment. Many small startup companies, research institutions and universities are benefiting from the foreign interest. Although public sector research funding is low, international scientists have on the increase.
Biotechnology Startups
The industry is driven by government, private and foreign investors. First private startup in Singapore is Lynk Biotechnologies. The company was funded with $2 million dollars seed money.
It was established by Professor Lee Chee of the National University of Singapore. One of its major achievements was in the field of cancer research. Some other notable companies are ES Cell International, PhytoProtein Biotech Pte Ltd and Biotech International Ltd.
Biotechnology Products
The technology is used in crop production, healthcare, non-food and agriculture. The technology is applicable to waste treatment and recycling. Others are biological weapons, degradable plastics, vegetable oil and pesticides.
It is used in the production of vaccines, antibiotics, beer making, development of hormones, antibodies. Other products include pharmaceutical drugs and to produce genetically modified crops.
Biotechnology Uses
         Crop production
         Healthcare
         Non-food
         Agriculture
         Waste treatment
         Recycling
         Biological weapons
         Degradable plastics
         Vegetable oil
         Pesticides
         Production of vaccines
         Antibiotics
         Beer making
         Development of hormones
         Antibodies
         Pharmaceutical drugs
         Produce genetically modified crops
Funding
An investor interested in biotechnology requires huge funds. The funds could be sourced from grants, government subventions or angel investors. The person can approach a commercial bank, find a core investor.
         Grants
         Government subventions
         Angel investors
         Commercial bank
         Core investor
Team
The team should consist of bio technologists, industrial professionals and international scientists. Others are academic scientists, business investors and young scientists. Other staff requirements are marketing, accounting and finance professionals.
         Bio technologists
         Industrial professionals
         International scientists
         Academic scientists
         Business investors
         Young scientists
         Marketing
         Accounting
         Finance professionals
Write a Business Plan
The first step is to write a business plan and carry out a feasibility study. The plan should focus on business structure, funding, growth potential and equipment.
Legal
There are patent laws, incorporation and business name registration. Others are tax, liability and health insurance. There are also safety protocols, bio-hazard laws and guidelines. It is important to have ready to use intellectual property license.
         Patent laws
         Limited Liability Company
         Business name
         Tax
         Liability and health insurance
         Safety protocols
         Bio-hazard laws
         Intellectual property license
         Zoning
Marketing
Products that pass extensive testing are scalable. The product will determine the type of marketing.Owning your own swim business

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