  The biotechnology industry poses challenges and possibilities for startups
and small businesses. It is characterized by high charges and complex policies,
making it difficult for such agencies to set up themselves. However, it
additionally offers avenues for innovation and increase. This paper delves into
powerful techniques that can be a resource in managing biotechnology
innovation, which includes partnerships, highbrow assets improvement, virtual
technologies, customer engagement, and government investment. These strategies
are important for fulfillment in an industry that is constantly evolving. By
embracing agility and area of interest focus, startups and small companies can
successfully compete in this dynamic discipline.
