"Human beings are themselves part of nature, creatures within creation. Human discovery and invention can be thought of as resulting from the exercise of God-given powers of mind and reason." (Church of England Board)
With these two quotes on back of our mind, let us talk about Biotechnology with respect to each of our factors. Here we will be considering each of the factors in the order of importance.
1. Idea viability : There is no dearth of ideas in this field, but almost every idea involves changing how nature works. A biotech company can become controversial from day one, if it gets involved in stem cell research. However if the company takes up the task of cancer research, stocks of the company touch the roof. My point here is, technology is loved if it is in interest of mankind. Another point we have to remember, Biotechnology is Biology meeting Technology, so we are no limited to ideas dealing with human lives. We do have other areas like plants, animals and food to look for our ideas. Afterall no one really minds mules ( a cross of donkey and horse), so I presume, a safe idea will pass our criteria, as long as it is commercially viable.
Tomorrow we will talk about Talent Availability, as it is next important factor on my list.