Abstract
This chapter introduces patenting and fundamental research, copyrights, trademarks, biotechnological patents, current issues in patenting, Indian response to patent upheaval and bioprospecting along with the existing risk-analysis system for biotechnology products, surveying agency authorities. Regulations in biotechnology apply to the production, sale and use of biotech products and genetically modified organisms and regulatory agencies conduct their functions to protect public health, safety, and the environment.
Keywords: Intellectual property rights, Patent, Economic incentive, Innovative, Bioprospecting, Erythropoietin, Hybridoma, Biopirates.
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