The process of looking for potentially valuable genetic resources and biochemical compounds in nature is called ______.

The process of looking for potentially valuable genetic resources and biochemical compounds in nature is called bioprospecting. Bioprospecting involves the exploration of biodiversity for new resources that may have applications in various fields such as medicine, agriculture, and biotechnology. This practice leverages the vast genetic diversity found in different ecosystems to discover novel genes, compounds, and organisms that can lead to the development of new products, pharmaceuticals, or agricultural improvements. It represents a critical intersection of ecology and industry, emphasizing the importance of conservation and sustainable practices, as well as the ethical considerations surrounding the use of natural resources.