Bioindustrial Innovation Canada releases country’s first national Bioeconomy Strategy

May 14, 2019 |

In Canada, Canada’s first national Bioeconomy Strategy, released by Bioindustrial Innovation Canada, reflects the views of more than 400 industry representatives from across the country. The Strategy recommends action on four key priority areas identified in foundational work by the Advisory Council on Economic Growth, the Economic Sector Strategy Tables, and Canada’s forestry ministers. These priority areas are:

  • Creating agile regulation and government policy;
  • Establishing biomass supply and stewardship;
  • Building strong companies and value chains; and
  • Building strong sustainable innovation ecosystems.

Consultations with industry concluded a national Strategy is needed to fully advance Canada’s bioeconomy. The Strategy recognizes the role of innovation clusters and ecosystems as key to advancing Canada’s bioeconomy. These venues will facilitate relationships between producers, SMEs, and large firms along the full value chain, domestically and globally. With this Strategy, industry has addressed the ways in which Canada’s competitive advantages including access to biomass, global leadership in forestry and agriculture, sustainable resource management, and a skilled workforce, can make Canada a world leader. The recommendations focus on commercializing innovations to grow larger companies, and to have Canadian products and processes adopted into international value chains. The recommendations support the development of innovation ecosystems across Canada. The recommendations call on the government to introduce policies, regulation and support for companies and the agriculture and forestry sectors to adopt practices and new technologies that improve stewardship of natural resources and increase productivity.

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