Bioprospecting

-Bioprospecting is defined as a systematic and organised search for useful products derived from bioresources including plants, microorganisms, animals, etc., that can be developed further for commercialization and overall benefits of the society.

Biopiracy 

-Biopiracy is defined as the privatisation and unauthorised use of biological resources by entities (including corporations, universities and governments) outside a country which has pre-existing knowledge of rare biological resources. Biopiracy is the theft or usurpation of genetic materials especially plants and other biological materials by the patent process.