Examining the elements that influence biotechnology innovation policy

New knowledge and technologies such as genetics and biotechnology have been around for over three decades. Biotechnology is one of the advanced technologies that countries are investing in in order to achieve sustainable development in the twenty-first century, after passing through various periods in which labor force, resources, and capital, each at a different time, have been comparative and competitive advantages for a more powerful economy. The invention of fundamental and incremental advances, as well as a variety of applications that produce income for countries, are among the possibilities of this knowledge. Biotechnology innovation policies have been discussed for this goal. This paper evaluates research development policies, international-corporate partnership policies, and government-supported innovation policies using resource-based theory. This study's statistical population consisted of 165 responses from directors and experts working in Iran's biotechnology industry (pharmaceutical, food and agriculture). SMART PLS software was used to test research hypotheses. The study's findings demonstrated that research development policies, international business partnership policies, and government-supported innovation policies all have a major influence on the growth of biotechnology innovation activities. In addition, we reviewed the study's ramifications and suggested potential next possibilities.