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Biotechnology is a fascinating field of science that has emerged from the study of yeast and other microorganisms and their role in the fermentation of various substances. This field has undergone significant theoretical changes and has led to remarkable scientific and industrial advancements. Biotechnology can be broadly defined as applying biological technologies to develop new products and processes that benefit humanity. In this article, we aim to better understand the past and future of this growing science and to identify appropriate strategies for its growth and development in Iran’s scientific and technological landscape. To achieve this, we will first explore the evolution of this field and then examine the impact of international economic and research institutions. Finally, we will assess the status of similar institutions in Iran and the role of chemical engineering in advancing biotechnology, and make suggestions accordingly. With the right strategies and support, Iran can become a leader in this field and reap the benefits of this exciting science.