Bioeconomy
The U.S. bioeconomy is growing rapidly, innovation is needed to sustain and maintain this growth. Shaping policy to consider workforce development, advanced agriculture, bioindustrial and biotech sectors will be imperative to keep the needle moving forward.
The bioeconomy – the part of the economy driven by the life sciences and biotech, and enabled by engineering, computing, and information science – has the potential to revolutionize human health, climate and energy, food security and sustainability, and supply chain stability, as well as support economic growth and well-paying jobs across the entire country. But to realize its massive potential, the U.S. needs legislative and executive support to grow and innovate our bioindustrial and biotechnological sector.
Here are industry leaders’ top three takeaways from this year’s Advanced Bioeconomy Leadership Conference.
The past year has been an exciting time for the bioeconomy as U.S. government agencies work to update their approaches and improve coordination to better support bio-based products and processes.
To strengthen the U.S. lead in the bioeconomy, Congress recently passed the CHIPS & Science Act of 2022. While the main body of this bill is related to semiconductors, this bill also lays out a solid base for the bioeconomy. Shortly after the passing of the CHIPS & Science Act, the White House also published an Executive Order that […]
Over the past year, there have been significant policy advances related to the US bioeconomy—the part of the economy driven by the life sciences and biotech, and enabled by engineering, computing, and information science.1 The bioeconomy includes a wide range of products and processes, from mRNA vaccines and drought-resistant crops to microbial fertilizers and bioindustrial fermentation. […]
For the United States, the economic, societal, and national security benefits of the life sciences are vast. The U.S. bioeconomy – the part of the economy driven by the life sciences and biotech, and enabled by engineering, computing, and information science – is valued at over $950 billion. Life sciences research leads to cleaner crops […]
Plants are key to enable a diversified and climate-resilient food system. Mary Fernandes proposes a Plant Genome Project (PGP), a robust Human Genome Project-style initiative to build a dataset of genetic information on plant species.
Congress had a lot more on its agenda than semiconductors when compiling the CHIPS and Science Act of 2022. The bill–law as of yesterday–puts forward an expansive framework to advance U.S. innovation broadly, including in areas that feed into a critical sector: the bioeconomy.
A National Bioeconomy Manufacturing and Innovation Initiative would combat COVID-19, foster economic recovery, and address climate change.