Microbial Entrepreneurship: Harnessing Microbes for Economic Growth and Societal Benefit
DOI:
https://doi.org/10.55737/qjssh.349861440Keywords:
Microbial Entrepreneurship, Microbes, Economic Growth, Societal Benefit, EnvironmentAbstract
Microbiologists study the impact of microbes on human health and the environment, while entrepreneurs in the field of microbiology boost the economy through innovative businesses. Despite financial challenges, microbiology combines science and industry to capitalize on biological resources for medical benefits and address financial concerns. Microbiology fosters revenue growth in bioremediation, synthetic biology, microbial fermentation, agriculture, and diagnostics through innovation, expanding markets, sustainability, cost-effectiveness, and rapid development. However, entrepreneurs face challenges such as intellectual property disputes, regulatory compliance, competition, quality assurance demands, risk management, and substantial capital investment. Despite these challenges, microbial entrepreneurship has the potential to address societal issues and drive significant social and economic progress. This review article summarizes the research carried out by microbiologists in the field of entrepreneurship and the gaps they identified as future research directions.
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