The Instituto Nacional de Biodiversidad (INBio) is the national institute for biodiversity and conservation in Costa Rica. Created at the end of the 1980s, and despite having national status, it is a privately run institution that works closely with various government agencies, universities, business sector and other public and private entities inside and outside of the country. The goals of the institute are to complete an inventory of the natural heritage of Costa Rica, promote conservation and identify chemical compounds and genetic material present in living organisms that could be used by industries such as pharmaceuticals, cosmetics or others.