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AMID GLOBALISATION, TECHNOlogical advancement and oversupply, business growth and success are becoming more elusive. Even when a measure of success has already been accomplished, enhancing it or merely maintaining it is tough.
So how does a corporation, industry or nation prepare itself for such a competitive and hostile landscape? The answer lies in a combination of factors, from finances to government. Nevertheless, one factor remains highly compelling - sustainable innovation and development which takes into account both commercial and social responsibility.
Some innovations change the way a company operates. Others alter the industry. Yet others transform nations of the world. Over the past century, innovations in the automotive, aviation, chemical, electronics, healthcare and telecommunication industries have impacted our lives.
In the last few decades, biotechnology has gained increasing attention as nations seriously contemplate how to feed the world's escalating population. Biotechnology is an area in which innovation can potentially revolutionise the way we live, and perhaps, even life itself!
HUMAN CAPITAL ISSUES
Sustainable innovation in biotechnology requires human capital issues which must be addressed. These have been partly alleviated by several Government initiatives, a few highlighted below:
Technology transfer
Realising biotechnology's great potential to improve health, economies and living conditions in developing nations, many universities, research institutions, government agencies and business corporations in...