Biotechnology as the engine for the Knowledge-Based Bio-Economy

Abstract

The European Commission has defined the Knowledge-Based Bio-Economy (KBBE) as the process of transforming life science knowledge into new, sustainable, eco-efficient and competitive products. The term “Bio-Economy” encompasses all industries and economic sectors that produce, manage and otherwise exploit biological resources and related services. Over the last decades biotechnologies have led to innovations in many agricultural, industrial, medical sectors and societal activities. Biotechnology will continue to be a major contributor to the Bio-Economy, playing an essential role in support of economic growth, employment, energy supply and a new generation

FP7 provides the research community with funding certainty over the next few years. One of the FP7 thematic priorities is dedicated to the strengthening the European knowledge-based bio-economy bringing together science, industry and relevant stakeholders from Europe and the rest of the world. The conditions are, therefore, favourable towards the sustainable development and deployment of biotechnologies as an engine for the knowledge-based bio-economy.