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  New bioeconomy initiative in Finland to support SMEs

Photo of article The bioeconomy is growing at an unprecedented rate, and the demand for new services and more efficient tools to boost business in this industry is ever increasing. Because of this growth, the need for management of biological information is proving to be vital in keeping up with demand and new concepts. This is evident with the latest figures, which reveal that the global market for bioinformatics is expected to reach more than EUR 4.5 billion next year. In order to home in on this demand, Tekes, the Finnish Funding Agency for Technology and Innovation, has devised a concept aimed at small and medium-sized enterprises (SMEs). Its focus is on developing new business from the management of biological information.

Published: 23 January 2013


  Raising awareness of the bioeconomy

Photo of article The bioeconomy concept is rapidly growing in importance on a global scale. It embraces the sustainable use of biological resources from the land and sea, as well as waste, as inputs to food and feed, industrial and energy production, and also covers the use of bio-based processes inindustry. This is vital as we continue to consume the Earth's resources, many of which are not renewable, at an accelerating rate.. The bioeconomy is already a reality. For example, bio-fuels (ethanol and diesel), are being made directly from agricultural crops, and even bio-waste has the potential to become an alternative to chemical fertilizers or to generate bio-energy, which could meet 2 % of the EU renewable energy target. Indeed Europe is leading the way in various fields of biosciences and technologies but international competitors are catching up.

Published: 8 January 2013



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