From Policy to Practice Actionable Recommendations for a Commercial Bioeconomy 2025
Page 6 of 39 · WEF_From_Policy_to_Practice_Actionable_Recommendations_for_a_Commercial_Bioeconomy_2025.pdf
Adaptive policy framework for national strategies FIGURE 1
Domestic,
infrastructure,
supplies and
capabilityPolicy framework
Financing IncentivesRegulation
Access
and educationNational
securitySupply chain
resilience
Domestic
manufacturing
capacityRobust
innovation
ecosystemBio-innovation driven
competitiveness National
strategies
and trade
agreements
Note: The recommendations within this policy framework span interrelated and synergistic categories set in the context of national strategies and capability.
As such, individual recommendations may not be applicable in every regional context but can be selected as needed.
Countries that lead in bio-innovation gain
a competitive advantage in global markets
(Figure 1). The US, for example, demonstrates
this through the international success of
biotech companies like Regeneron and Eli Lilly.
Investing in biotechnology, biomanufacturing
and bio-based materials stimulates the growth
of new industries, creates jobs, and expands
trade opportunities, driving economic growth
and national resilience. Nations with strong
bioeconomies also benefit strategically in food
production through innovations such as more
self-sufficient crops, cultivated meat and precision
fermentation. These outputs and approaches improve efficiency, enhance nutritional value and
increase crop resilience – critical advantages in the
face of climate change. Investing in bio-innovation
domestically strengthens supply chains and
enhances local food security.
Additionally, the bioeconomy offers significant
potential for generating value by converting
biowaste into valuable products, promoting
the trade of bio-refined goods (Box 1). These
processes reduce post-harvest losses, improve
environmental sustainability, and boost income for
households and businesses, particularly in urban
and peri-urban areas.
Transforming biological resources into valuable products BOX 1
BioInnovate Africa is a programme under the
International Centre of Insect Physiology and
Ecology (icipe) that supports the development
of a bioeconomy in Eastern Africa. It funds and mentors innovators working on R&D projects
to transform biological resources into valuable
products, promoting regional integration and
sustainable development.6
From Policy to Practice: Actionable Recommendations for a Commercial Bioeconomy
6
Ask AI what this page says about a topic: