Biotechnology

Bioeconomy

The bioeconomy refers to the sustainable production and conversion of biomass for a range of food, health, fibre, and other industrial products as well as energy. The bioeconomy encompasses all industries and sectors producing, managing or otherwise making use of biological resources (including  organic waste), such as agriculture, forestry, and fisheries. The modern bioeconomy is based on knowledge and innovation in biosciences, together with other technologies such as engineering, chemistry, computer science and nanotechnologies.

The bioeconomy as an important component of the Strategy’s three main priorities of:

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  Smart growth: developing a knowledge and innovation based economy,


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  Sustainable growth : promoting a more resource efficient, greener and more competitive economy; and


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  Inclusive growth: fostering a high employment economy delivering social and territorial cohesion.