As a result, the Quantum Tuber facilities could prove to be an important tool for crop improvement, fighting hunger and fighting disease. Well, I guess they are now. Lying rather dormant for many years in the shadow of the technology revolution, the biotech industry has made a slow but steady climb over the last few decades. Like dot-com companies, many have yet to see a profit due to extensive research and development costs. But recently, small victories have added fuel to the engine that is expected to power biotech to the top of the marketplace.
Biotechnology is a broad term for a very multi-faceted industry.
It is generally defined as the use of biological processes as a component in the development or manufacture of a product, or in the technological solution to a problem. With a strong presence of businesses and institutions in such fields as food and agriculture, genetics, IT, pharmaceuticals and other environmental sciences, many believe Wisconsin is well poised to be in the forefront of the biotech revolution. Last year, the state legislature conducted a study to determine just what industries could bring the highest growth potential for Wisconsin. Not surprisingly, biotech was determined as one of six target industries. And it offers another opportunity for our farmers.