Prioritizing Critical Success Factors for Biotech Start-Ups in India: Integrative Analysis and Strategic Implications

Abstract

Biotech start-ups in India face a complex landscape marked by rapid technological advancements, significant capital requirements, and stringent regulatory environments. Identifying and prioritizing critical success factors (CSFs) is essential for these ventures to strategically allocate resources, enhance their competitive positioning, and sustain long-term growth. This paper presents an integrative analysis to identify the most impactful CSFs for biotech start-ups in India. The research employs a mixed-methods approach that combines expert opinion, data analysis, and multi-criteria decision-making frameworks to rank and evaluate the importance of various CSFs. Key factors include innovation capabilities, access to funding, regulatory compliance, talent acquisition, and strategic partnerships. The study provides strategic implications and recommendations for start-up founders, investors, and policymakers to support decision-making processes and foster a thriving biotech ecosystem. The findings aim to serve as a guide for aligning strategic efforts with high-priority success areas, ensuring sustainable development and resilience in a competitive industry.