India, Nov. 11 -- The Government of India has issued a release:
Andhra Pradesh SBB [Rs.20,66,553]
Tamil Nadu SBB [Rs.16,79,482]
Odisha SBB [Rs.2,09,965]
Uttar Pradesh SBB [Rs.91,500]
Madhya Pradesh SBB [Rs.79,547]
In a novel initiative, the National Biodiversity Authority (NBA) has released patent-linked Access and Benefit Sharing (ABS) funds amounting to Rs.43.22 lakh. The funds were generated from Intellectual Property Rights (IPR) applications that utilised Indian biological resources for obtaining patents and commercialising the innovation. It marks a significant step in ensuring that benefits derived from innovations based on Indian biological resources are equitably shared, particularly with communities, knowledge holders, and c...