National Biodiversity Authority releases ₹43 Lakh in ABS Funds

The National Biodiversity Authority has released patent-linked Access and Benefit Sharing funds amounting to over forty three lakh rupees today. The Ministry of Environment, Forest and Climate Change informed that the funds were generated from Intellectual Property Rights applications that utilised Indian biological resources for obtaining patents and commercialising the innovation. It further said that the step ensures that benefits derived from innovations based on Indian biological resources ...