Distinction between Biotechnology, Biomedical Industry and Software Industry

 

Important distinctions between Biotechnology, Biomedical Industry and Software Industry

  • Software industry is mostly concerned with meeting consumer / business needs with rapidly developed software. Biotechnology, Biomedical products are usually based upon years of research efforts.
  • Venture capital firms involved in Biotechnology, Biomedical industry keep close connection with Academic research partners & research labs.
  • With long term research & subsequently costly government approval process, Biotechnology, Biomedical industry products demand larger investment.

Development of Manufacturing Industry

 

Development of Manufacturing Industry

 

  • Thailand, Malaysia: Both countries have size-able Automotive & Electrical / Electronics industry.
    • Competence: Power, Infrastructure, Required low cost labor, Government support.
    • Mostly developed and licensed by foreign producers. Local producers depend on foreign engineering. Local experts lack skills required for producing quality marketable Cars / Electronic products.
  • India: Power, Infrastructure roadblock to development of manufacturing sector.
  • Japan: Education system capable of producing engineering, business experts.

Recipe for growing new Silicon Valleys

 

Recipe for growing new Silicon Valleys

Visionary engineer-entrepreneurs created the first success stories of Valley.
But over time: Venture Capital (plus early stage investors, startup incubators), Universities & Research Labs, Government support played vital roles.

Any place wanting to be the next Silicon Valley:

  • 1a. Venture Capital ecosystem with their technical, business growth & management support: Google/Alphabet’s growth into one of the largest companies in United States in terms of market capitalization
  • 1b. IPO support, Stock Market
  • 2. University & Research Labs (providing minds & talents, training, employees and ideas; DIY education)
  • 3. Government Laws; Tax cuts and subsidies
  • 4. Infrastructure
  • 5. Big Market
  • 6. Entrepreneurial, risk-taking culture; Success Stories