What is a biopatent?

A license granted for biological resources to protect inventions, processes, and products from commercial use by others

The correct answer is Option (2)-A license granted for biological resources to protect inventions, processes, and products from commercial use by others

A biopatent  is a license granted for biological resources that protects inventions, processes, or products related to these resources. The goal of a biopatent is to provide legal protection for a certain period, preventing others from commercially using, making, or selling the patented biological innovation without permission from the patent holder.

For example, if a company develops a new variety of plant or a process for using a biological resource (like a genetically modified crop or a medicinal plant extract), they can apply for a biopatent to protect their work. This allows the company to benefit financially from their innovation, as it stops competitors from using it without proper authorization or payment.

Biopatents can apply to new types of crops, medicinal compounds, or processes derived from biological sources. A famous controversy involved patenting Basmati rice and traditional Indian herbal remedies like turmeric and neem. These patents raised ethical concerns, particularly when based on traditional knowledge or resources from other regions