Bioeconomy targets the efficient and careful use of biological resources, such as plants, animals and microorganisms. It affects a wide range of industries, from agriculture through fisheries, plant breeding and the food industry to the pharmaceutical and energy sectors. Bio-based innovations will also provide growth stimuli for other conventional sectors, such as the trade in commodities and foodstuffs, IT, machinery and equipment, and the automotive, environmental and construction industries.
In November 2010, the Federal Government adopted the “National Research Strategy BioEconomy 2030 – Our Path to a Bio-Based Economy". More than two billion euro in funding will be available for this purpose over the next six years.
Through research and innovation, this programme aims to foster a structural change from a petroleum-based industry to a bio-based one, with tremendous opportunities for growth and job creation. At the same time, the Federal Republic of Germany wishes to assume international responsibility for the global food supply, the supply of raw materials and energy from biomass, and for the protection of the climate and the environment.