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What is bioprospecting?

What is bioprospecting? Here are some definitions.

Noun
  1. (biology) The methodical search for novel pharmaceutical (and other) products from plants and microorganisms.
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Examples
Such concerns notwithstanding, some insist that potential gains from bioprospecting can motivate poor countries to preserve their biological diversity.
The claims of biopiracy were also meritless, resting on a stupid claim that bioprospecting was illegitimate unless all indigenous communities in a region approve it.
It requires a good idea of where to go searching, patience and a dose of good luck, but with bioprospecting the ultimate prize is perhaps more valuable than gold.
There are other many novel, biodiversity-based products that have emerged from bioprospecting, including adhesives, air conditioning, antifreeze and antifouling chemicals.
I asked Doctor Jon Copley from the Southhampton Oceanography Centre, about some of the more unusual outcomes of bioprospecting.
Conservationists, however, say the challenge is to design models for bioprospecting that link such discoveries to conservation.

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