![[PukiWiki]](image/pukiwiki.png "[PukiWiki]")
In addition, by employing indigenous people to record and gather plants, Shaman gives residents more incentive to protect their [business-brain03.jigsy.com forests.Starting] Shaman in May 1990 was a courageous move.Lacking any outside funding, Conte charged $40,000 to her credit cards to open Shaman’s doors.In 1993, Shaman went public with a stock offering that raised another $41 million.The firm attracted capital because investors liked the potential for significantly reducing the time and costs of drug discovery.Also, because Conte’s sales talent has attracted the best scientists, the company has cornered the United States market for ethnobotany.The company also has an active scientific advisory board composed of a Nobel Prize winner, a noted professor of chemistry at Columbia University, and a professor emeritus from Harvard University who spent four decades [https://beta-kursy.orpeg.pl/blog/index.php?entryid= 97370 studying] the medicinal uses of plants and fungi in the Colombian Amazon basin.While still a risky venture, Shaman is on a much faster track than the more traditional biotech companies.Its treatment for respiratory viral infections, Provir, entered Phase I clinical safety trials only sixteen months after research began.6 Both drugs are derived from a plant found in the South American forests.Shaman uses commercialism to preserve both rain forests and the cultural diversity of forest people.To this end, the company donated 13,333 shares of Shaman’s common stock to the conservancy’s operating budget.Medicine Woman is designed to educate and provide technical training for local women in developing countries to inventory plants and work with native healers.In addition, Shaman carries out public project support agreements directly with local communities in exchange [http://takeposo.sakura.ne.jp/wiki/index.php? Stratergy for] local knowledge.Shaman intends to funnel some future profits from any discoveriesif they materializeto projects for the indigenous people who depend on rain forests for their livelihoods.Part of the allure for Conte and her associates to invest in such a risky business is the potential for huge financial rewards from discovering and marketing the next great wonder drug, but another is the desire to combine the potential profits from a commercial venture in the lucrative drug market with saving rain forests.For example, while the market for African wildlife shows tremendous potential for game management on private and public property, restrictions on wildlife trade discourage entrepreneurship.South Africa’s Kruger National Park has had to cull elephants to keep populations within the carrying capacity of the park.In the past, export of ivory and skins helped pay for culling operations.In [https://www.yarbook.com /read-blog/12641 a] country where competition for public funds is keen, culling can provide an important alternative funding source as well as being a management tool.Offsetting intervention by the international environmental community are innovative institutions that encourage enviromnental entrepreneurs.Fishing rights in England, hunting rights for wildlife on private lands in South Africa, and contracting for pharmaceutical discoveries in the rain forests of Latin America offer examples of how legal institutions in other countries foster such enterprise.Even where fee hunting and fishing are used on private land, entrepreneurs have far less flexibility than do Varty and Bernstein with Conscorp in South Africa.Public land management in the United States would make it difficult for Lisa Conte to explore for pharmaceuticals.In at least a few cases, less developed countries are encouraging innovative contracting for environmental assets.Conversions from [http://tk2-213-16447.vs.sakura.ne.jp/henriettaen/b usiness-ideas/wikis/usg rand] were made assuming $1 dollar is equal to approximately 3.66 South African rand.One hectare is equivalent to 2.471 acres.References
