Biotechnology_in TW.ppt

March 28 03 Biotechnology in Taiwan Trends for Economic Development The Next Silicon Valley Battle for the Dot.Coms Biotech: NBT (The Next Big Thing) 83% of local development agenciesplace bio among their top two priorities 41 countries have biotech development programs as strategic priority Definition Biotechnology Firms using genetic and cellular techniques Biomedicine: diagnostic/therapeutic Industry-developed definitions data Applications Agriculture Plant breeding to improve resistance to pests, diseases, drought and salt conditions Mass propagation of plant clones Bioinsecticide development modification of plants to improve nutritional and processing characteristics Medicine Development of novel therapeutic molecules for medical treatments Diagnostics Drug delivery systems Tissue engineering of replacement organs Gene therapy Chemical Industry Production of bulk chemicals and solvents such as ethanol, citric acid, acetone and butanol Synthesis of fine specialty chemicals such as enzymes, amino acids, alkaloids and antibiotics Applications Food Industry Production of bakers yeast, cheese, yogurt and fermented foods such as vinegar and soy sauce Brewing and wine making Production of flavors and coloring agents Veterinary Practice Vaccine production Fertility control Livestock breeding Environment Biological recovery of heavy metals from mine tailings and other industrial sources Bioremediation of soil and water polluted with toxic chemicals Sewage and other organic waste treatment Products of Biotechnology Types of Industries Pharmaceuticals Very large, global firms Top ten average $15 billion sales Assets are products, distribution, manufacturing expertise Very Profitable Biotechnology Small, mostly single establishment firms Top ten average $700 million sales Principal assets are people, research and future potential Lose Money Experiences from USA Biotechnology Industry Biotech tends to cluster Leaders have an edge Entr