Deciphering Canada’s Bio-economy

The bio-economy is defined as the economic activity associated with the invention, development, production and use of primarily bio-based products, bio-based production processes and/or biotechnology-based intellectual property. It includes the use of resources from agriculture, forestry, fisheries/aquaculture, organic waste and aquatic biomass.

The field is multidisciplinary in that it cuts across the bio-health, bio-energy, bio-agriculture (agri-bio) and bio-industrial (chemicals and materials) sub-sectors. These four are all rooted in their own foundations of research and development and all have products, processes or intellectual property that are involved in the “green” or sustainable development economy as well, to a greater or lesser extent. The bio-economy sub-sectors share a common objective: the commercialization of resultant bio-products, processes and/or intellectual property.

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