BT301 GDB Fall 2022-23 By GetReady
Since the 1970s, research on recombinant DNA and the monoclonal antibody has promoted the rapid evolution of modern biotechnology. As early as the turn of the mil- lennium, it was proposed that the 21st century would be the century of biology [1]. With the increasingly abundant application scenarios of biotechnology, the economic attributes of biotechnology have been tapped and strengthened, and the industries and industrial clusters of bioenergy, biomedicine, and so on have been gradually established across the world.
- Compared to the agricultural economy and the industrial economy, the definition of the bioeconomy is very broad, even vague. In 1998, one of the earliest understandings or interpretations of the modern concept of the bio economy was proposed by Juan En-riquez, an American entrepreneur. It was declared that new discoveries and applications related to genomics would initiate the molecular and genetic revolution, which would lead to the reorganization and integration of medicine, health, agriculture, food, nutrition, energy, the environment, and other industries and then bring profound changes in the world economy o .
- In 2005, the European Union introduced the “Knowledge-Based-Bio-Economy” (KBBE) for the first time, initiating a global boom in the development of the bioeconomy, which has led to the rapid development of the concept of the bioeconomy along with practical activities and thus the expansion of its scale and consistency [The European Commission has defined the Knowledge-Based Bio-Economy (KBBE) as the process of transforming life science knowledge into new, sustainable, eco-efficient and competitive products.
- The term “Bio-Economy” encompasses all industries and economic sectors that produce, manage and otherwise exploit biological resources and related services. Over the last decades biotechnologies have led to innovations in many agricultural, industrial, medical sectors and societal activities. Biotechnology will continue to be a major contributor to the Bio-Economy, playing an essential role in support of economic growth, employment, energy supply and a new generation
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