Biotech is short for biotechnology which is technology based on biology. This branch of applied science uses living organisms and their derivates to produce products and processes.
This technology derives various solutions in medicine, food production, environmental safety, and healthcare.
Startup Biotech Companies
Biofuels are also products resulting from biotechnology. Tons of businesses or companies in the field of biotech have emerged, with many still in the pipe work.
With many innovations being discovered, it’s increasingly becoming a viable investment area. In this article, we take a look at biotech startups.
How vast is Biotech?
The application of biotechnology is vast and caters to a wide range of industries, including agriculture, textiles, pharmaceutical, and many others.
To better appreciate its vastness, it’s necessary to point out the types of biotech. These include yellow biotechnology and red biotechnology.
Others include green biotechnology, white biotechnology, blue biotechnology, grey biotechnology, violet biotechnology, gold biotechnology, and dark biotechnology.
Each of these types specializes in different areas.
For example, while yellow biotech is related to food products, red biotech is about veterinary and medicinal products.
Green biotech creates new plant varieties, while white biotech mostly deals with industrial manufacturing related to redesigning chemical makeup.
Biotech Startup Ideas
As shown above, biotechnology is a vast field with many opportunities waiting to be harnessed.
If you’ve always dreamt of launching a successful startup in the field of biotech, then any of the following startup ideas might interest you.
These include bio-fertilizer manufacturing, agriclinic, biodiesel products, compost fertilizer products, and bio-pesticide manufacturing.
More startup opportunities include hybrid seeds, food processing, specialty medicine manufacturing, hybrid seeds, and vermicompost production.
You can also explore vaccine production as another biotech startup idea. With that said, let’s briefly look at some of these biotech startup ideas for more details.
i. Bio-Fertilizer Manufacturing
If you find bio-fertilizer manufacturing interesting, you might want to launch your operations in this area.
This is a knowledge-based agriculture input production business. It’s regulated by the government too. You can choose to go for one of the many opportunities it offers.
Examples include blue-green algae, azospirillum, azobacter, phosphate-solubilizing bacteria, silicate-solubilizing bacteria, and rhizobium.
If you’re in the business of fitness, then agri-clinic is one biotech business idea you might be interested in.
This program is designed to help people reclaim the body’s natural vitality while reestablishing balance and fulfillment in life. It involves the production of evidence-based natural health products.
iii. Biodiesel Production
Biodiesel production involves transesterification, separating glycerin from vegetable oil or fat.
There are lots of successful startups involved in biodiesel production. You can leverage on opportunities presented if you find this area fascinating.
iv. Compost Fertilizer Production
Also called bio-organic fertilizer production, it involves the processing of animal manure and plant wastes which are allowed to mineralize and humify harmlessly.
This process helps turn complex organic nutrients into humus and soluble nutrients. Lots of opportunities are available in this area for interested investors.
v. Bio-Pesticide Manufacturing
Bio-pesticide manufacturing is another biotech startup idea you can leverage on. This involves the production of pesticides derived from natural materials like minerals, animals, plants, and bacteria.
These naturally occurring materials are made into microbial pesticides to deal with pest-related issues.
vi. Hybrid Seeds
This is one area of agriculture where biotech startups can come in. Already, there are massive innovations you can take advantage of.
It involves the cross-pollination of plants as well as the maintenance & multiplication of parental seeds. Others include the development of a male parent or restorer, as well as a seed parent.
vii. Food Processing
Biotech startups can be established in the area of food processing. Here, most of the action is geared towards food preservation.
Depending on your interests, you may choose to go with liquefaction, pickling, mincing, canning, cooking, pickling, or macerating, amongst others.
viii. Specialty Medicine Manufacturing
The manufacture of specialty pharmaceuticals is another biotech startup idea you can pursue. This mainly involves the production of large, injectable, protein-based molecules.
This is a significant growth driver within the pharmaceutical industry, and you’ll need to leverage on opportunities presented.
ix. Vermicompost Production
Vermicomposting is a rapidly growing branch of biotech you can grow into a thriving startup.
It’s a science of compost manufacturing that involves using earthworms that engulf biomass resulting in the excretion of digested biomass known as vermin compost.
Owning a Biotech Franchise
If you’re interested in owning a biotech startup, consider going the franchise route.
There are lots of biotech companies that offer franchising opportunities for interested investors. Examples include Bio Techs, which specializes in crime & trauma scene cleaning.
Another biotech franchise you can join is Orbit Biotech.
Such franchises offer a much easier way to own a biotech startup. You only need to find more information about different biotech franchises to join.
Popular Biotech Startups
So far, we’ve been discussing biotech startups with the ideas provided, including franchising as an added option.
To better understand our discussion, it’s necessary to list some great biotech startups already in existence. These pretty new startups specialize in different areas.
They include Auxilius, which specializes in developing data-driven clinical trial financial management platforms for biotech companies.
Biomilq works on cultured milk to help provide improved nutrition alternatives for infants.
Kumuda is a biotech startup that uses AI for data-driven drug recovery.
Curative is another biotech startup specializing in providing Covid-19 testing, while Nuvation Bio provides treatments for different types of cancers.
There are lots and lots of biotech startups already thriving in different areas. Like those mentioned above, these biotech startups offer all kinds of solutions using biotechnology.
The opportunities are almost inexhaustible when it comes to launching a biotech startup. Like all businesses, it’s essential to follow the basic principles of setting up a successful operation.
These include having a business plan, choosing a business name, financing, and meeting all licensing requirements,
By now, your understanding of biotech startups should be much better than when you started. We’ve provided vital information regarding startup opportunities and existing biotech startups and what they do.