Patents
In developing a transgenic plant or a genetically engineered microorganism or for that matter any biotechnological innovation that can cure ailments of man or animal, plenty of money is spent in research and development of a particular product or innovation.
To protect these inventions (intellectual property), patents have to be obtained or granted so that the invention is not surreptitiously used by others for profit. Laws for patenting machinery, equipments, devices, new products and improved processes do exist in many countries including India but many countries have not seriously considered patenting live organisms, plant resources, varieties, genetically engineered microorganisms and other innovations coming out of biotechnology or genetic engineering research.






