Georgii Dubovyi: Innovations in Biotechnology and their Impact on Business

Citation: Georgii Dubovyi, "Georgii Dubovyi: Innovations in Biotechnology and their Impact on Business", Universal Library of Business and Economics, Volume 02, Issue 02.

Copyright: This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Abstract

This article examines innovations in biotechnology and their impact on business, covering key areas such as medicine, agriculture, ecology and industry. The purpose of the study is to analyze the importance of biotechnology for creating new products and services, increasing the efficiency of production processes and improving the quality of life. The main objectives include studying the role of biopharmaceuticals, genetically modified organisms, bioplastics and biocatalysts in various sectors of the economy. The results show that innovations in biotechnology not only contribute to economic growth, but also help companies adapt to the requirements of sustainable development and environmental responsibility. The practical application of the data obtained can be used to develop strategies for the implementation of biotechnology in business processes, as well as to shape public opinion on the safety and ethics of new technologies.

Keywords: Biotechnology, Innovation, Biopharmaceuticals, Genetically Modified Organisms, Ecology, Bioplastics, Biocatalysts, Personalized Medicine, Sustainable Development.

https://doi.org/10.70315/uloap.ulbec.2025.0202006