- Bioprospecting refers to the systematic exploration of biological resources for commercially valuable genetic and biochemical properties.
- It is commonly used in pharmaceutical, agricultural, cosmetic, and other industries.
Process of Bioprospecting:
- Exploration & Collection: Identify and collect biological resources, often in biodiversity-rich areas.
- Identification & Taxonomy: Classify species and assess traditional knowledge associated with them.
- Screening & Testing: Evaluate biological compounds for potential commercial applications.
- Extraction & Isolation: Isolate active components through chemical analysis.
- Development & Commercialization: Refine compounds into products through extensive research and regulatory approval.
- Benefit Sharing: Ensure fair distribution of benefits under international agreements like the Convention on Biological Diversity (CBD).
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