Towards a Knowledge-based Bio-economy: New Challenges, Opportunities and Solutions Livestock Production and Aquaculture

Abstract

Various definitions have been used in scientific literature to define the term 'Bio-economy'. For the purpose of this presentation the definition given by the European Commission (Schmid et al., 2012) is used. According to this definition a bio-economy means "an economy using biological resources from the land and sea as well as waste, including food wastes, as inputs to industry and energy production”. The definition emphasizes biological resources and biomass as inputs to other industries. In a bio-economy, biotechnology contributes to a significant share of its output. It encompasses the use of advanced knowledge of biotechnology and the use of renewable biomass and efficient bioprocesses that support sustainable production.