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What is Bioeconomy

Handbook of Research on Bioeconomy and Economic Ecosystems
The use of renewable biological resources to produce goods and services, with the goal of reducing reliance on finite resources and minimizing environmental impacts.
Published in Chapter:
The Role of Innovation in Driving the Bioeconomy: The Challenges and Opportunities
S M Nazmuz Sakib (Dhaka International University, Bangladesh & School of Business and Trade, Switzerland; International MBA Institute, Switzerland)
Copyright: © 2023 |Pages: 24
DOI: 10.4018/978-1-6684-8879-9.ch015
Abstract
The bioeconomy presents a promising opportunity for sustainable economic growth, but it also poses several challenges that require innovative solutions. This chapter provides an overview of the bioeconomy and its key components, including biotechnology, agriculture, and forestry. It then explores some of the challenges associated with the bio economy, such as the need to balance economic growth with environmental sustainability, the potential risks of genetically modified organisms, and the need to ensure that the benefits are shared equitably across society. Finally, it discusses the potential for new bio-based products and services, the creation of new jobs and economic opportunities, and the potential to contribute to global sustainability goals.
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Digital Agriculture Strategy
Economic activity that involves the use of biotechnology to produce goods and services.
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An Interdisciplinary Model to Diversify STEM Participation: College, High School, and Industry Partnerships
Using renewable biological resources and waste streams to produce value-added bioproducts, such as energy, fuel, chemicals, and consumer goods; an alternative to a fossil fuel-based economy and manufacturing processes.
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Agriculture 4.0 and Bioeconomy: Strategies of the European Union and Germany to Promote the Agricultural Sector – Opportunities and Strains of Digitization and the Use of Bio-Based Innovations
An official strategy to implement a new economic system based on the sustainable use of biological resources and is including the traditional concept of “biotechnology.”
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Startups Financing Lessons Learned From Saiz-Alvarez Microdonations
It refers to an economic system in which biological resources, such as plants, animals, and microorganisms, are sustainably harnessed and transformed into valuable products, processes, and services. It encompasses various sectors, including agriculture, forestry, biotechnology, and renewable energy, to achieve economic growth while promoting ecological sustainability and minimizing environmental impacts.
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Academic Entrepreneurship, Bioeconomy, and Sustainable Development
The sustainable production of renewable biological resources and the conversion of these resources and waste streams into value added products for final and intermediate consumption.
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Advancing a Framework for Entrepreneurship Development in a Bioeconomy
The sustainable production of renewable biological resources and the conversion of these resources and waste streams into value added products for final and intermediate consumption.
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Genes: Recombinant DNA Technology
An economy in which biological processes and biological based products are used to reduce environmental impacts and improve overall global sustainability.
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Artificial Intelligence-Enabled Education Marketing in an Emerging Bioeconomy
The sustainable production of renewable biological resources and the conversion of these resources and waste streams into value added products in all sectors of the economy for final and intermediate consumption.
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Experiential Marketing: A Tool to Maximize the Contribution of Natural History Museums to the Bioeconomy
A type of economy based on biotechnology, bioenergy, and bioecology. It uses bioresources to create economic value. Also, it aims to protect bioecology and biodiversity for a sustainable growth.
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Green Charcoal: Developing Biodegradable Construction Materials for a Circular Economy
The production of renewable biological resources and the conversion of these resources and waste streams into value added products such as food, feed, bio-based products, and bioenergy.
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