Identifying the determinants for biotechnology development (development will be studied through growth): highlighting the roles played by entrepreneurship education, entrepreneurial skills, and entrepreneurial attitude within the UK

Abstract

This study investigates the impact of entrepreneurial education, entrepreneurial attitude, and entrepreneurial skills on the development of biotechnology firms in the UK. In this regard, this study has validated the impact of entrepreneurial activities like attitude and education and explored how these factors are necessary for the growth of biotechnology firms. The data was organized and collected through surveys provided to the employees of biotech firms in the UK. Two hundred eighty employees responded to the survey. The findings of this study suggest that all three factors - entrepreneurial education, entrepreneurial attitude, and entrepreneurial skills - are important for the development of successful biotechnology firms in the UK. The findings of this research study suggest that entrepreneurial attitude has a significant impact on the development of biotechnology firms, whereas the impact of entrepreneurship education and entrepreneurial skills is not as significant. These findings underscore the need for policies and programs that support and encourage these activities in order to promote the growth of this important sector of the economy.