From Policy to Practice Actionable Recommendations for a Commercial Bioeconomy 2025
Page 14 of 39 · WEF_From_Policy_to_Practice_Actionable_Recommendations_for_a_Commercial_Bioeconomy_2025.pdf
Summarizing framework
recommendations on regulation
What we’re striving for: a future where transparent, fit-for-purpose regulations
are built around scientific insights and technological advances – where
regulation and bio-innovations work hand-in-hand for rapid testing and
iteration to deliver better outcomes for society.
Regulation is essential for ensuring safety,
managing risk and protecting public well-being.
Clear rules and standards safeguard individuals,
communities and the environment, making
regulation a cornerstone of consumer protection.26
However, without well-defined regulatory pathways,
many bio-innovations struggle to reach the market
and fulfil their potential. The future of regulation
does not have to mirror current challenges: these
regulation-centric recommendations aim to improve
commercial viability while safeguarding consumer
interests. They create clear, collaborative pathways
for advancing bio-innovation while promoting a
more resilient future. Such a system will go a long
way in supporting innovation through increased
testing opportunities and expert involvement, better
positioning regulations to evolve with scientific and
technological advances. Furthermore, these regulation-focused
recommendations aim to improve commercial
viability while protecting consumers and building
trust. They create clear, collaborative pathways to
advance bio-innovation and promote resilience.
This system will enhance innovation through
increased testing, expert involvement and adaptable
regulations, providing clearer commercialization
pathways. Without collaboration between innovators
and regulators, rigid frameworks will continue to
hinder breakthrough technologies. Regions with
more efficient regulatory systems, such as faster
clinical trial approvals, may outpace slower ones
to widen global disparities.27 By aligning regulatory
systems with bio-innovation needs, governments
can accelerate progress, strengthen protections
and create the conditions for bio-innovations to
scale while remaining competitive globally.
14 From Policy to Practice: Actionable Recommendations for a Commercial Bioeconomy
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