The European Commission has announced plans to help bring bio-based innovations to the market as part of its new bioeconomy strategy, adopted on November 27. This initiative includes setting up test environments and developing lead markets to accelerate the deployment of innovative solutions.
“To lead the biotech revolution, we need to scale up innovation and investment,” said Jessika Roswall, Commissioner for Environment and the Circular Economy, while presenting the strategy. She emphasized, “The EU is perfectly positioned to lead the global bioeconomy.”
However, Roswall acknowledged that progress is currently too slow. “Too many breakthroughs remain small-scale or stuck in the lab,” she noted, highlighting the need for faster deployment.
The bioeconomy encompasses all sectors that rely on renewable biological resources such as plants, animals, and microorganisms. It aims to create innovative solutions that contribute to a more sustainable and circular economy.
https://sciencebusiness.net/news/r-d-funding/biotech/eu-pledges-support-scale-bio-based-innovations