From Policy to Practice Actionable Recommendations for a Commercial Bioeconomy 2025

Executive summary The public sector has taken notice: with over 50 national strategies aimed at accelerating regional bioeconomies, bio-innovation has quickly risen to the top of national agendas. Conveying what should be done, national bioeconomy strategies often omit guidance for implementation. With current global trade uncertainties, the urgency around translating national strategies into actionable outcomes has never been more important. To capitalize on the opportunities presented by bioeconomy strategies, a set of actionable, government-driven policy recommendations aimed at bolstering domestic supplies, local innovation and manufacturing capabilities are needed. The Forum’s Bioeconomy Framework provides policy-makers with a practical roadmap to guide the bioeconomy’s commercial evolution from a “technology push” to a market pull. This framework puts forward a series of 14 actionable recommendations across four categories, spanning:1. Regulation 2. Incentives 3. Financing 4. Access and education The recommendations outlined in this framework are interconnected and synergistic. They are designed to provide more targeted and tailored support for early-stage R&D throughout the scaling process. By strategically implementing combinations of the recommendations herein, this framework aims to deliver a much-needed stimulus for scalable bio- innovation. Taken together, the overall goal of the framework is to accelerate the global transition to a bio-based economy where domestic supplies and capabilities are bolstered, and commercial practices are primed to meet evolving societal and planetary needs. While governments cannot drive this shift alone, they play a crucial role by incentivizing and spearheading broader catalysts for change.Translating national strategies into actionable outcomes has never been more important. From Policy to Practice: Actionable Recommendations for a Commercial Bioeconomy 4