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Developments in recent years have increased the knowledge acquisition process, which is considered to have commercial value as well. The knowledge pool so generated may be considered as Patents, which have grown tremendously in the academic community and society at large. The progress in modern science is resulting into various new and useful inventions. Therefore, society in general and potential stakeholders like scientists, innovators, entrepreneurs & start-ups in particular need to be prepared for a range of potential outcomes. This calls for continued engagement between government, industry, academia, technical and policy experts, and of course, the public at large.