Innovations in Business and Strategic Management

ABSTRACT

Biotechnology startups are at the forefront of innovation, driving advancements in healthcare, agriculture, and environmental sustainability. However, these startups face significant challenges, including high R&D costs, complex regulatory landscapes, and substantial funding needs. This mini-review explores how strategic investor involvement shapes successful bio-entrepreneurship ecosystems, highlighting methods to mitigate the inherent risks in biotech ventures, such as milestone-based funding and due diligence. Beyond financial backing, investors play crucial roles as mentors, network facilitators, and strategic partners. Additionally, the review emphasizes the impact of bio-entrepreneurship ecosystems, including incubators, government support, and accelerators, on fostering innovation. Insights from strategic funding and ecosystem collaborations illuminate how robust support structures contribute to biotech startup success.

Article History

Received 01 November 2024; Revised 22 November 2024; Accepted 29 November 2024

KEYWORDS

1. Bio-entrepreneurship
2. Biotechnology startups
3. Investor strategies
4. Biotech ecosystem
5. Risk management
6. Strategic partnerships