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Safeguarding natural wealth

Recent phenomenal advancements in the life sciences allow us to tap into the economic value of hitherto under-utilized or unexplored biological resources through the identification of novel compounds of industrial interest and the incorporation of components of biological material into high-value commercial products. The application of novel technologies to develop high-added value products is particularly amenable for the involvement of SMEs and offers developing countries unique opportunities to leverage their rich endowment in biological resources for sustainable economic development.