This paper discusses the bioethics of intellectual property (IP) and intellectual property rights (IPR) applicable to biotechnology-based IP. It outlines some of the laws that are related to IPR in Zimbabwe and globally. The paper additionally highlights gaps, opportunities and concerns with the laws. Finally, the paper highlights some initiatives already underway in Zimbabwe targeted at promoting entrepreneurship, commercialization and industrialization while proposing strategies that can be used to further promote the generation and granting of biotechnology-related IP and IPR in Zimbabwe.