Biotechnology consulting
Encyclopedia
Biotechnology consulting (or biotech consulting) refers to the practice of assisting organizations involved in research and commercialization of biotechnology
in improving their methods and efficiency of production, and approaches to R&D. This assistance is usually provided in the form of specialized technological advice and sharing of expertise. Both start-up and established organizations would hire biotechnology consultants mainly to receive an independent and professional advice from key opinion leaders, individuals with extensive knowledge and experience in a particular area of biotechnology or biological sciences, and, often, to outsource their projects for implementation by well qualified individuals. Large management consulting firms would often be able to provide technological advice as well, depending on the qualifications of their consulting team. With the growth of pharmaceutical companies
, biotechnology consulting has recently developed into an industry of its own and separated from the management consulting
industry that traditionally also provides technological advice on R&D projects to various industries. This has also been fueled by the impact various conflicts of interests can have on commercialization
when biotechnology organizations contract services from academic institution
s or government scientists
This is exemplified by the successful emergence of a large number of consulting companies dedicated exclusively to servicing the biotech industry, such as Alacrita, T4G Limited, SHI Consulting, Genome Consulting, Immunobiochem Consulting Company, BiotechConsulting, AshBiotech Consulting, Animal Health Consulting, and many others. Occasionally, university professors and Phd students engage in biotechnology consulting, either commercially or free of charge.
A special type of consulting is patent
strategy and management consulting or simply patent consulting which specifically emphasizes on the scope of patent rights versus R&D in industry. It also assets successful commercialization of patentable matter. The primary aim of patent consulting company is to assist various small, medium and large corporation in realizing their research project toward successful patent registration with minimized danger of infringement and other risks that patent registrations may be subjected to prior to commercialization. One example of patent consulting firm is The Patent World.
Biotechnology
Biotechnology is a field of applied biology that involves the use of living organisms and bioprocesses in engineering, technology, medicine and other fields requiring bioproducts. Biotechnology also utilizes these products for manufacturing purpose...
in improving their methods and efficiency of production, and approaches to R&D. This assistance is usually provided in the form of specialized technological advice and sharing of expertise. Both start-up and established organizations would hire biotechnology consultants mainly to receive an independent and professional advice from key opinion leaders, individuals with extensive knowledge and experience in a particular area of biotechnology or biological sciences, and, often, to outsource their projects for implementation by well qualified individuals. Large management consulting firms would often be able to provide technological advice as well, depending on the qualifications of their consulting team. With the growth of pharmaceutical companies
Pharmaceutical company
The pharmaceutical industry develops, produces, and markets drugs licensed for use as medications. Pharmaceutical companies are allowed to deal in generic and/or brand medications and medical devices...
, biotechnology consulting has recently developed into an industry of its own and separated from the management consulting
Management consulting
Management consulting indicates both the industry and practice of helping organizations improve their performance primarily through the analysis of existing organizational problems and development of plans for improvement....
industry that traditionally also provides technological advice on R&D projects to various industries. This has also been fueled by the impact various conflicts of interests can have on commercialization
Commercialization
Commercialization is the process or cycle of introducing a new product or production method into the market. The actual launch of a new product is the final stage of new product development, and the one where the most money will have to be spent for advertising, sales promotion, and other marketing...
when biotechnology organizations contract services from academic institution
Academic institution
Academic institution is an educational institution dedicated to education and research, which grants academic degrees. See also academy and university.- Types of academic institutions include :...
s or government scientists
This is exemplified by the successful emergence of a large number of consulting companies dedicated exclusively to servicing the biotech industry, such as Alacrita, T4G Limited, SHI Consulting, Genome Consulting, Immunobiochem Consulting Company, BiotechConsulting, AshBiotech Consulting, Animal Health Consulting, and many others. Occasionally, university professors and Phd students engage in biotechnology consulting, either commercially or free of charge.
A special type of consulting is patent
Patent
A patent is a form of intellectual property. It consists of a set of exclusive rights granted by a sovereign state to an inventor or their assignee for a limited period of time in exchange for the public disclosure of an invention....
strategy and management consulting or simply patent consulting which specifically emphasizes on the scope of patent rights versus R&D in industry. It also assets successful commercialization of patentable matter. The primary aim of patent consulting company is to assist various small, medium and large corporation in realizing their research project toward successful patent registration with minimized danger of infringement and other risks that patent registrations may be subjected to prior to commercialization. One example of patent consulting firm is The Patent World.