BusinessAugust 20, 2026

bioeconomy

BY-oh-uh-KON-uh-mee

Definition

An economic system based on the sustainable production, processing, and use of renewable biological resources to generate value.

Etymology

The word is a compound derived from the Greek 'bios' meaning 'life' and 'oikonomia' meaning 'household management', appearing in modern usage to describe the shift toward biological, renewable industrial processes.

In the news

In the article, the term is used to describe the focus of scientific leader Dr. Ravigadevi Sambanthamurthi, who champions innovations that integrate biology into sustainable economic development.

NICE 2026: PROPELLING LOCAL INNOVATION

Read the full article ↗

The Star

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