An overview of fundamental principles, novel application areas of biotechnology and its impact on international economy. Recent developments in the field of biotechnology are covered with the help of short papers and poster abstracts. Thus, relationships between fundamental principles and applications have been defined, while current research in the field as well as future needs and prospects are presented. The book encompasses the whole spectrum of biotechnology, emphasizing both scientific and commercial aspects of new developments and how they can meet the challenges of industry. The book gives a perspective on the current state of biotechnology research throughout the world with the help of contributors from 15 different countries. It is designed to serve as a reference book for both academics and industrialists, indicating new starting points to young researchers for new projects in the field.