Biotechnological research is promoted through the development of “Bio-technology Parks”. Which of the following is/are essential to bring technology to market ?
- 1. Development of new product
- 2. Entrepreneurship
- 3. Technology incubation
Select the answer using the code given below :
1 only
1 and 2 only
1, 2 and 3
2 and 3 only
Answer is Right!
Answer is Wrong!
This question was previously asked in
UPSC CAPF – 2024
– Entrepreneurship: Individuals or teams (entrepreneurs) are needed to take the technology, form companies, raise capital, and build the business needed to manufacture and sell the product.
– Technology incubation: Incubation centers provide necessary infrastructure, mentoring, funding support, and business guidance to startups and researchers, helping them bridge the gap between laboratory research and market readiness. This significantly facilitates the commercialization process.