The Impact of Entrepreneurship in Developing Biotechnology

 This study explored the impact of entrepreneurship on biotechnology development, using Novo Nordisk, a Danish leader in diabetes treatment, as a case study. The research reviewed relevant literature and prior studies, supplemented by Novo Nordisk's case study. Qualitative approach employed a Likert-scale survey among 10 professionals from biotechnology and entrepreneurship. The results indicated that entrepreneurship played a crucial role in biotechnology development through investment capital, leadership skills, expertise, technology and innovation. Initiative, self-confidence and linguistic diversity were vital for biotech entrepreneurs. Challenges included regulatory issues and scientific uncertainty. It was concluded that biotech entrepreneurship enhances the economy and quality of life. The study recommends enhancing support for entrepreneurship in biotechnology, resolving regulatory challenges, encouraging research investment and fostering public-private sector collaboration.