Today the world faces new challenges, ranging from climate change to growing populations and changes in demand. Meeting these challenges sustainably will require better use of resources, new tools and new technologies.
Agricultural innovation plays a key role in driving long-term agricultural productivity, rural development, and environmental sustainability by encouraging innovation and the creation of new solutions. For this reason, innovation needs to be encouraged, supported, and protected.
In any industry, the maintenance of Intellectual Property Rights (IPR) is an essential basis for innovation and progress.
- Intellectual property protection is necessary to encourage continued investment in research and development, and to ensure the plant science industry maintains its strong innovative base.
- Patents form the cornerstone of intellectual property protection
- The protection of regulatory data and confidential business information for both crop protection and biotechnology inventions are important to support innovation and development.
The plant science industry is one of the world’s most research and development-intensive industries. It ranks in the top four global industries in terms of percentage of sales invested in research and development (R&D). For example, the industry’s top 10 companies invest US $2.25 billion, or 7.5 per cent of sales, into the research and development of cutting edge products in crop protection, non-agricultural pest control, seeds and plant biotechnology. All of these products aim to improve sustainable agricultural production.
The development and utilization of intellectual property rights is an integral aspect of economic growth. Our industry is committed to sustainable agriculture through innovative research and technology and through continual improvement of existing products. We can help meet the challenges of a growing world by supplying innovative tools to grow more food, feed, fuel and fiber sustainably.
CropLife International’s video “Research and Development in Plant Science” shows the complex, lengthy and resource intensive R&D process, from finding the right chemical compound to extensive safety testing of the final product and beyond. The video gives an insight into the huge number of people and the enormous amount of time and resources necessary today to bring even a single product to the market.
To see the video click here.