Incumbents in many industries are experimenting with syn-bio engagement strategies. However, they can’t rely solely on traditional buying and selling relationships because the syn-bio ecosystem in still very nascent.
By analyzing the syn-bio industry stack and understanding its dynamics, incumbents can develop strategies that will gain them competitive advantage.
Advances in syn-bio depend on incumbent companies and startups working together and leveraging each others' strengths, only then can both generate all the benefits that the science promises.
Just as the 1990's belonged to the internet, the 2020’s mark synthetic biology’s coming of age. As the world’s knowledge of synthetic biology grows, governments will have no choice but to develop policies that will allow this industry to flourish.
Synthetic biology technologies are finally maturing, becoming the way almost anything can be manufactured competitively and sustainably. Business must learn to use syn-bio to develop new products and processes, improve existing ones, and reduce costs to remain competitive in the future.
Almost unnoticed, the synthetic biology revolution has begun and is gathering real momentum. Companies - regardless of industry and location - have no choice, but to come to grips with this emergent technology right away.
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