FEATURES OF ASSESSMENT AND PERSPECTIVES DEVELOPMENT OF BIOTECHNOLOGICAL INNOVATIONS

UDC 339.94

Pshebelskaya Lyudmila Yur’yevna − PhD (Economics), Associate Рrofessor, Assistant Professor, the Department of Production Organization and Real Estate Economics. Belarusian State Technological University (13a, Sverdlova str., 220006, Minsk, Republic of Belarus). E-mail: psh-ly@inbox.ru

Lednitskiy Andrey Vikent’yevich − PhD (Economics), Associate Professor, Head of the Department of Enterprise Economy and Management. Belarusian State Technological University (13a, Sverdlova str., 220006, Minsk, Republic of Belarus). E-mail: ledniz@inbox.ru

DOI: https://doi.org/ 10.52065/2520-6877-2024-286-1

Pshebelskaya Lyudmila Yur’yevna − PhD (Economics), Associate Рrofessor, Assistant Professor, the Department of Production Organization and Real Estate Economics. Belarusian State Technological University (13a, Sverdlova str., 220006, Minsk, Republic of Belarus). E-mail: psh-ly@inbox.ru

Lednitskiy Andrey Vikent’yevich − PhD (Economics), Associate Professor, Head of the Department of Enterprise Economy and Management. Belarusian State Technological University (13a, Sverdlova str., 220006, Minsk, Republic of Belarus). E-mail: ledniz@inbox.ru

DOI: 10.52065/2520-6877-2024-286-1.

Key words: biotechnology, science, innovation, rankings, bioeconomics, biopharmaceuticals, genetic engineering, bioinformatics, cell culture technologies, economic growth, sustainable development.

For citation: Pshebelskaya L. Yu., Lednitskiу A. V. Features of assesment and perspectives development of biotechnological innovations. Proceedings of BSTU, issue 5, Economics and Management, 2024, no. 2 (286), pp. 5–12 (In Russian). DOI: 10.52065/2520-6877-2024-286-1.

Abstract

The article considers the characteristic features of biotechnology at the modern stage. The developmentof biotechnology market is the basis for ensuring biological and economic security, as well as one of the indicators of the state of innovative development of states. Effective innovation management is aimed at capitalising on the full resource potential of innovation at the lowest possible cost. Globally, science and technology are advancing at an incredible speed in many directions, but biotechnology stands out as one of the most promising and dynamic fields. The biotechnology field is quite highly diversified: biotech pharmaceutical products; enzymes and enzyme preparations; live cultures of microorganisms; biotech products for extractive industries, for agriculture and for environmental protection. The diversity of biotechnology applications means that almost every country can benefit from an integrated approach. Beyond simply developing useful new products, biotechnology can also affect quality of life and benefit foreign trade. Consequently, they can influence both internal and foreign policy decisions. Thus, the market of biotechnological innovations is a promising area that allows effectively utilising the potential of domestic science and developing a new export niche.

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References

  1. Myzafanov E. N., Abdrasilov B. S., Alferov V. A. Ocherki po istorii biotekhnologii [Essays on the history of biotechnology]. Tula, Tula State University Publishing House, 2013. 359 p. (In Russian).
  2. Kafarski P. Rainbow code of biotechnology. CHEMIK. Wrocław University of Technology, 2012, no. 66 (8), pp. 811‒816. Available at: http://chemik_8_2012_01.pdf (accessed 26.08.2024).
  3. Ul’yanov A. O. Main trends in innovative development of transnational corporations in the field of biotechnology. Zhurnal Baykal’skogo gosudarstvennogo universiteta [Journal of Baikal State University], 2016, vol. 7, no. 1, pp. 120‒129 (In Russian).
  4. Biotechnology Market Size: Share and Trends 2024 to 2034 2034. Available at: http://precedenceresearch.com/biotechnology-market (accessed 27.08.2024).
  5. Friedman Y. Top 5 Biotech Funding Trends in 2024: Insights and Analysis. Available at: https://www.biotechblog.com/top-5-biotech-funding-trends-in-2024-insights-and-analysis/ (accessed 21.08.2024).
  6. Branka V. Biotechnology Statistics: Employment, Usage, and Benefits. Available at: seedscientific. com/author/branka/ (accessed 26.08.2024).
  7. Discover the Top 10 Trends in Biotechnology 2025. Available at: http://www.startus-insights.com/ innovators-guide/top-10-biotech-industry-trends-innovations-in-2021/ (accessed 26.08.2024).
  8. Global Biotechnology Rankings. Available at: http://thinkbiotech.com/globalbiotech/ (accessed 27.08.2024).
  9. Scherbakova A. I. Biotechnology and patent law: the European Union experience. Tsifrovoe parvo [Digital law], 2023, vol. 4, no. 2, pp. 64–72 (In Russian). DOI: 10.38044/2686-9136-2023-4-2-64-72.
  10. Ustimov S. U., Zabaikin U. V. The impact of biotechnology on the real sector of the economy. Ekonomika: vchera, segodnya, zavtra [Economy: yesterday, today, tomorrow], 2023, vol. 13, no. 3A, pp. 161–167 (In Russian). DOI: 10.34670/AR.2023.89.51.014.
  11. Ason T. A., Mekhova A. A. The role of biotechnology in the global economy of the 21st century and prospects for its development in the Russian biotechnological sphere. Sovremennaya nauka: aktualnye problem teorii i praktiki [Modern science: current problems of theory and practice], 2022, no. 10, pp. 10‒15 (In Russian). DOI: 10.37882/2223-2974.2022.10.04.
  12. Juma C. Biotechnology in the Global Economy: Beyond Technical Advances and Risks. Available at: https://agbioforum.org/wp-content/uploads/2021/02/AgBioForum_2_34_218.pdf (accessed 21.08.2024).
  13. Biggest Biotechnology Companies. Available at: https://www.investopedia.com/articles/markets/122215/ worlds-top-10-biotechnology-companies-jnj-rogvx.asp (accessed 27.08.2024).
  14. Global Biotechnology Market. Available at: https://www.coherentmarketinsights.com/ru/industryreports/ global-animal-biotechnology-market (accessed 28.08.2024) (In Russian).

12.09.2024

Key words: biotechnology, science, innovation, rankings, bioeconomics, biopharmaceuticals, genetic engineering, bioinformatics, cell culture technologies, economic growth, sustainable development.

For citation: Pshebelskaya L. Yu., Lednitskiу A. V. Features of assesment and perspectives development of biotechnological innovations. Proceedings of BSTU, issue 5, Economics and Management, 2024, no. 2 (286), pp. 5–12 (In Russian). DOI: 10.52065/2520-6877-2024-286-1.

Abstract

The article considers the characteristic features of biotechnology at the modern stage. The developmentof biotechnology market is the basis for ensuring biological and economic security, as well as one of the indicators of the state of innovative development of states. Effective innovation management is aimed at capitalising on the full resource potential of innovation at the lowest possible cost. Globally, science and technology are advancing at an incredible speed in many directions, but biotechnology stands out as one of the most promising and dynamic fields. The biotechnology field is quite highly diversified: biotech pharmaceutical products; enzymes and enzyme preparations; live cultures of microorganisms; biotech products for extractive industries, for agriculture and for environmental protection. The diversity of biotechnology applications means that almost every country can benefit from an integrated approach. Beyond simply developing useful new products, biotechnology can also affect quality of life and benefit foreign trade. Consequently, they can influence both internal and foreign policy decisions. Thus, the market of biotechnological innovations is a promising area that allows effectively utilising the potential of domestic science and developing a new export niche.

Download

References

  1. Myzafanov E. N., Abdrasilov B. S., Alferov V. A. Ocherki po istorii biotekhnologii [Essays on the history of biotechnology]. Tula, Tula State University Publishing House, 2013. 359 p. (In Russian).
  2. Kafarski P. Rainbow code of biotechnology. CHEMIK. Wrocław University of Technology, 2012, no. 66 (8), pp. 811‒816. Available at: http://chemik_8_2012_01.pdf (accessed 26.08.2024).
  3. Ul’yanov A. O. Main trends in innovative development of transnational corporations in the field of biotechnology. Zhurnal Baykal’skogo gosudarstvennogo universiteta [Journal of Baikal State University], 2016, vol. 7, no. 1, pp. 120‒129 (In Russian).
  4. Biotechnology Market Size: Share and Trends 2024 to 2034 2034. Available at: http://precedenceresearch.com/biotechnology-market (accessed 27.08.2024).
  5. Friedman Y. Top 5 Biotech Funding Trends in 2024: Insights and Analysis. Available at: https://www.biotechblog.com/top-5-biotech-funding-trends-in-2024-insights-and-analysis/ (accessed 21.08.2024).
  6. Branka V. Biotechnology Statistics: Employment, Usage, and Benefits. Available at: seedscientific. com/author/branka/ (accessed 26.08.2024).
  7. Discover the Top 10 Trends in Biotechnology 2025. Available at: http://www.startus-insights.com/ innovators-guide/top-10-biotech-industry-trends-innovations-in-2021/ (accessed 26.08.2024).
  8. Global Biotechnology Rankings. Available at: http://thinkbiotech.com/globalbiotech/ (accessed 27.08.2024).
  9. Scherbakova A. I. Biotechnology and patent law: the European Union experience. Tsifrovoe parvo [Digital law], 2023, vol. 4, no. 2, pp. 64–72 (In Russian). DOI: 10.38044/2686-9136-2023-4-2-64-72.
  10. Ustimov S. U., Zabaikin U. V. The impact of biotechnology on the real sector of the economy. Ekonomika: vchera, segodnya, zavtra [Economy: yesterday, today, tomorrow], 2023, vol. 13, no. 3A, pp. 161–167 (In Russian). DOI: 10.34670/AR.2023.89.51.014.
  11. Ason T. A., Mekhova A. A. The role of biotechnology in the global economy of the 21st century and prospects for its development in the Russian biotechnological sphere. Sovremennaya nauka: aktualnye problem teorii i praktiki [Modern science: current problems of theory and practice], 2022, no. 10, pp. 10‒15 (In Russian). DOI: 10.37882/2223-2974.2022.10.04.
  12. Juma C. Biotechnology in the Global Economy: Beyond Technical Advances and Risks. Available at: https://agbioforum.org/wp-content/uploads/2021/02/AgBioForum_2_34_218.pdf (accessed 21.08.2024).
  13. Biggest Biotechnology Companies. Available at: https://www.investopedia.com/articles/markets/122215/ worlds-top-10-biotechnology-companies-jnj-rogvx.asp (accessed 27.08.2024).
  14. Global Biotechnology Market. Available at: https://www.coherentmarketinsights.com/ru/industryreports/ global-animal-biotechnology-market (accessed 28.08.2024) (In Russian).

12.09.2024