Biotechnology is a popular term for the generic technology of the 21st century. Although it has been utilized for centuries in traditional production processes, modern biotechnology is only 50 years old and in the last decades it has been witnessing tremendous developments. Bioengineering is the science upon which all Biotechnological applications are based. With the development of new approaches and modern techniques, traditional biotechnology industries are also acquiring new horizons enabling them to improve the quality of their products and increase the productivity of their systems.