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Biotechnology commercialization

The process of taking new discoveries or inventions in biotechnology (like new medicines, crops, or biofuels) and turning them into products or services that can be sold and used by the public.

Public-private partnerships

When government agencies and private businesses or organizations work together on a project, combining their resources, knowledge, and efforts to achieve a common goal.

Stakeholders

Any individuals, groups, or organizations that have an interest or are affected by the outcomes of a particular project or decision. In this context, it includes industry, universities, and non-profits.

Horizon scanning

A process of looking ahead to identify early warning signs of potential threats and opportunities, and to detect new trends and emerging issues that could have a significant impact in the future.

Ex officio members

Members of a board or committee who are part of it automatically because of their official position or office, rather than being individually appointed or elected.

501(c) of the Internal Revenue Code

A section of U.S. tax law that describes nonprofit organizations exempt from federal income tax, such as charities, educational institutions, or foundations.