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Abstract
Aquaculture and Marine Biotechnology sector is expanding rapidly and addressing the grand challenges towards green growth with economic and social benefits for population health, food and fuel security across the globe. The present market growth of marine biotechnology is still in a nascent stage and accounts for a tiny percentage of the overall biotechnology market. Global Marine Biotechnology market is expected to reach US $4.1 billion by 2015 (OECD, 2012). Many Universities and Institutes including Fisheries Research Institutes in India are working in mariculture, marine bio-prospecting, biotechnology, fisheries management devices and fisheries products development giving emphasis on IP protection of the resources generated through commercialization of technologies. A number of marine natural products that have found their way into pharmacies recently require scaled-up process. Despite lesser attention paid to marine natural products historically, there are notable marine-derived bio products commercially available and IP protected.
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