An efficient, transparent pathway for technological advancement would save national governments time and money while reducing risk. Those proposing new technologies and their backers seek to minimize risk. Especially, re-insurers and investors welcome steps that make government intervention and/or public responses predictable.
Patents & Biopiracy
Biopiracy, a term originally coined by ETC Group, refers to the appropriation of the knowledge and genetic resources of farming and indigenous communities by individuals or institutions that seek exclusive monopoly control (patents or intellectual property) over these resources and knowledge. ETC Group believes that intellectual property is predatory on the rights and knowledge of farming communities and indigenous peoples. Through nanotechnology- and synthetic biology-related patents, intellectual property claims are now being extended to elements of the periodic table and to key metabolic pathways involved in cellular functioning (and resulting in natural products with high commercial value).