Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A start-up company based in Canada and led by an academic microbiologist has patented genetically-modified, drought-resistant maize particularly suitable to arid regions of Africa. The
A start-up company based in Canada and led by an academic microbiologist has patented genetically-modified, drought-resistant maize particularly suitable to arid regions of Africa. The firm has been unable to attract significant venture capital investment. How should the firm exploit commercial opportunities for its product in Africa? O It should form a joint venture with a multinational agricultural seed company O It should license its patent to a multinational agricultural seed company and continue research on other projects for the genetic modification of agricultural crops O It should establish seed production in Canada and set up sales offices in African countries O It should establish seed production in Canada and appoint sales agents in different African countries
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started