Biotechnology is a multi-billion ringgit industry worldwide with massive growth potential. Malaysia is well-placed to tap into this to develop medicines and other products based from biodiversity. The application of biotechnology can be the catalyst to generate new wealth for the country, but only if resources are sustainably managed. Advances in biotechnology, including modern methods of cultivating and propagating crops and livestock have been made possible largely because of genetic diversity of parent stocks. They could also result in the development of products such as pharmaceuticals, antibiotics and vaccines.