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2020
 COURSE: ELECTIVE
COURSE IV

BIOTECHNOLOGY
FOR ENTREPRENEURS
[CODE: P16BTE4]
BY
Dr.R.Kalaivani
Asst.Professor of Biotechnology
BON SECOURS COLLEGE FOR
WOMEN, THANJAVUR.
❑ “… …………………………. is
anyone who works for himself or
herself but not for someone
else…”
❑ Guess me???

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 COURSE: ELECTIVE COURSE IV

BIOTECHNOLOGY FOR ENTREPRENEURS

Objectives: ❑ Unit I : Introduction to Entrepreneurship
This purpose of this course is Entrepreneurship definition, factors necessary for
to give an understanding entrepreneurship, desirables in a startup, mistakes to be
about biotechnology based avoided, pillars of bio-entrepreneurship, promoting
entrepreneurship among bioentrepreneurship, biotech company roadmap, legal,
regulatory and other business factors.
students.
❑ Goal: Unleashing the guarantee of Biotechnology to Help, Heal, Fuel, and Feed the World
❑ Health Biotechnology: Helping to Save and Extend Lives
❑ Food and Agricultural Biotechnology: Helping to Feed the World
❑ Industrial and Environmental Biotechnology: A Better Way to Make Things

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https://miro.com/app/board/o9J_koRQSXI=/?moveToWidget=3074457349143264972&cot=13
The word originally is derived from a French
verb “Entrenprendre” means ‘to undertake’.

Historical view….
During the ancient period the word entrepreneur was used to refer to a person managing
large commercial projects through the resources provided to him.
In the 18th Century the first theory of entrepreneur has been developed by Richard
Cantillon. He said that an entrepreneur is a risk taker.

18th Century is the differentiation of the entrepreneurial role from capital providing role.
In the late 19th and early 20th Century an entrepreneur was viewed from economic
perspectives. The entrepreneur organizes and operates an enterprise for personal gain.

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
In the middle of the 20th and early 21th Century the notion of an
entrepreneur as an inventor was established.

?????? Entrepreneur & Entrepreneurship

□Entrepreneurship, like an entrepreneur, has no single definition.
□Entrepreneur is a person while entrepreneurship is a process.
□Entrepreneurship is a process under taken by an entrepreneur to create incremental value
and wealth by discovering investment opportunities, organizing enterprises, undertaking
risks and economic uncertainty and there by contributing to economic growth.
 DEFINITION
S
Raymond W.Y. Kao : Entrepreneurship is the process of doing something new
and something different for the purpose of creating wealth for the individual
and adding value to society.
Richard Cantillon : Entrepreneurship as self employment of any kind and
entrepreneurs as non fixed income wage earners and risk takers.
Drucker: Entrepreneurship means creation of new business and anyone who
manages to establish a new business is an entrepreneur outright.
GEM : Global Entrepreneurship Monitor defines entrepreneurship as
creation of new business or any attempt to do it/ expansion of existing one,
new business organization, or established businesses .
Hisrich : Entrepreneur is the person who demonstrates initiative and
creative thinking.
❑  

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❑ Frank H Knight (1921) and Peter Drucker (1970) Entrepreneurship as all
about risk taking business. Continue…...
  Schumpeter,1965: “Entrepreneur as an individual who can exploit
market opportunities through technical and/or organizational
innovation”
❑ Shane and Vankataraman (2000) Entrepreneurship involves the study of
sources of opportunities; the processes of discovery, evaluation, and
exploitation of opportunities; and the set of individuals who discover,
evaluate, and exploit them”.
❑ Kirzner (1973) Entrepreneur as “The person who recognizes and acts
upon profit opportunities, essentially an arbitrageur”.

“The concept of entrepreneurship generally refers to enterprising individuals who display the
readiness to take risks with new or innovative ideas to generate new products or services.”
 
OECD Economic Survey in 1997, it was defined as “the dynamic process of identifying economic
opportunities and acting upon them by developing, producing and selling goods and services”.

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 Entrepreneur/ship,

An entrepreneur is a person who is action oriented, highly motivated, takes

risks to achieve goals
An entrepreneur is a person who establishes his own business with the
intention of making profits
An entrepreneur is a person who only provides capital without taking
active part in the leading role in an enterprise.
An entrepreneur is a one who innovates, raise money, assemble input,
choose managers and set the organization growing.

Conclusion
1. Entrepreneurship involves creation or expansion of business.
2. Risk taking or acceptance of failure
3. Talent to identify and exploit new opportunities to produce new
products or processes/markets. 10
To sum up in the light of the developments,
Vision (identifying emerging opportunities) Innovation (creating new business or new ways of doing
something)

there are four key elements of

entrepreneurs.
These are:
Risk bearing (taking risk and facing uncertainty)

Organizing (collection and coordination of the necessary

resources)

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A PICTURE IS WORTH A
THOUSAND WORDS

Follow up…….
Have a Interview with a
Entrepreneur

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MOBILE PROJECT
Submit the brief
description of any one
successful entrepreneur
near to you
Place your screenshot here
/
Upcoming entrepreneur
during covid 19
lockdown period
Have a interview with
him/her, submit the
video

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Submit @

bioentre2021@gmail.com

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THANKS!
Any questions?
You can find me at:
❑ @bioentre2021@gmail.com

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