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Below please find a list of definitions for the term that
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What is Biotechnology

Chapter 15

Handbook of Research on Bioeconomy and Economic Ecosystems

The use of biological systems and living organisms to produce new products or improve existing ones.

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)

Source Title: Handbook of Research on Bioeconomy and Economic Ecosystems

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.