In a pioneering initiative, the National Biodiversity Authority (NBA) has announced the disbursement of patent-linked Access and Benefit Sharing (ABS) funds totalling ₹43.22 lakh.

These funds have been generated from Intellectual Property Rights (IPR) applications that have employed Indian biological resources to secure patents and facilitate the commercialisation of innovations, as stated in the release.

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 custodians who have conserved these resources for generations.

The ABS amount has been disbursed to sixteen State Biodiversity Boards, namely, Andhra Pradesh, Chhattisgarh, Goa, Gujarat, Jharkhand

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