OECD Workshop on Outlook on Industrial Biotechnology
Emerging technologies
Under the auspices of the OECD Working Party on Biotechnology and the Austrian Federal Ministry for Economics, Family and Youth, an workshop entitled “Outlook for Industrial Biotechnology” was held in Vienna, Austria the 13-15 of January 2010.
There is broad consensus that Industrial Biotechnology has significant potential in such areas as: sustainable chemistry, innovative pharmaceuticals, textile, food and feed industries, renewable energy, etc. In addition, most major OECD economies have recently implemented significant economic stimulus packages, many of which contain specific elements focused on innovation-led “green growth”. The recent financial crisis has provided even more incentive to boost national green growth initiatives and policies and there is growing consensus that industrial biotechnology might underpin green growth and innovation worldwide.