Discuss the Major issues related to Intellectual Property Right and Biotechnology.
One of the main features of modern agricultural biotechnology (agri-biotech) is its increasing proprietary nature. Unlike the agricultural sciences of the past, which came out of publicly funded labs, new biotechnologies are protected by patents and other intellectual property rights (IPRs). Will these IPRs, which are predominantly owned by the private sector, lead to the monopolization of seeds, research tools, and even knowledge? Will they promote research and development by providing incentive for investment and encourage access to inventions produced elsewhere?
The ownership of IPRs in agri-biotech is now an issue in the development of products and the transfer of the technology to developing countries. Scientists now need to consider IPRs as an important factor in their research, especially where the aim is product development. Since the early 1990s, most major research organizations, whether public or private, are actively considering and/or implementing IPR policies.
Intellectual property represents products of the mind or intellect. They are ideas that, when
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