Simplified rules, faster approvals and the creation of lead markets are at the heart of the new bioeconomy strategy
Environment Commissioner Jessika Roswall, discussing a Strategic Framework for a Competitive and Sustainable EU Bioeconomy. Photo credits: Lukasz Kobus / European Union
The European Commission has announced plans to help bring bio-based innovations to the market, including setting up test environments and developing lead markets, in its new bioeconomy strategy, adopted on November 27.
“To lead the biotech revolution, we need to scale up innovation and investment,” said Jessika Roswall, commissioner for environment and the circular economy, as she presented the strategy.
“The EU is perfectly positioned to lead the global bioeconomy,” Roswell said. But it is currently too slow in deployment. “Too many breakthroughs remain small-scale or stuck in the lab.”
The bioeconomy covers all sectors thar rely on renewable biological resources such as plants, animals and microorganisms. Innovative solutions include…
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