CONPES 3697 – Policy for the Commercial Development of Biotechnology Based on the Sustainable Use of Biodiversity

National policy establishing economic, technical, institutional and legal conditions to foster companies and commercial products based on the sustainable use of biological and genetic resources and their derivatives through biotechnology. It includes institutional coordination, financial instruments for biotechnology-based companies, support for entrepreneurship and innovation, adaptation of the regulatory framework governing genetic resources and biotechnology products, and assessment of a national bioprospecting company. The policy explicitly includes applications in the agri-food industry and actions concerning genetic resources of interest to the agricultural sector.