In Touch with Industry: ICAF Industry Studies, Academic Year 1996: Biotechnology [open pdf - 1002KB]
Biotechnology products and processes are revolutionizing the health care, agricultural, industrial chemical, environmental, and other fields. This young, risky, multidisciplinary industry holds endless promise for spin-off products, manufacturing processes in other industries, and sustainability for the future. Biotechnology is niche oriented, geared toward developing high-technology, high-quality, and less expensive products for mankind. Its potential military applications range from biological defenses to new protective materials. The United States leads the world in biotechnology, but the industry is at a critical point in its development cycle and needs continued support for basic research. Just one new discovery can completely change the structure of the industry. As a result of the biotechnology industry's work, one day in the future a child will receive an AIDS vaccine as a part of her normal pediatric vaccination program, a farmer in Arizona will grow corn in the middle of the desert, and in New Jersey an old industrial site will clean itself for later reuse as a residential area. In the biotechnology industry, the future is limited only by the human mind and financial risk.
ICAF Industrial Studies 1996