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Canada’s bioeconomy is a huge economic opportunity, but faces formidable challenges

Mark Lowey
March 20, 2024

Canada has abundant natural resources to build a thriving industrial bioeconomy but lacks commercial-scale bioreactors, a national strategy and public and private investment, say experts in the sector.

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Organizations:	Ardra Bio, Bast Fibre Technologies, Bioindustrial Innovation Canada, Canadian Bio-Cleantech Applied Research Network, CanBiocin, Comet Bio, Dispera, DMT Bioproducts, EcoSynthetix, European Commission, Federal Economic Development Agency for Southern Ontario, Foresight Canada, Genecis Bioindustries, Government of Canada, Lambton College, LCY Biosciences, Loyalist College, McKinsey, Natural Products Canada, Ontario Genomics, The Cultivated B, U.S. government, Verschuren Centre, and Western University
People:	Ali Nikdel, Andrew Chiapetta, Beth Mason, Kalsi Sukhdev, Meaghan Seagrave, Michael Dorrington, Rob Nicol, Sandy Ferguson, Sue Coueslan, and Wayne Maddever
Topics:	"all-of-government" approach to support Canada's bioeconomy, bio-chemicals and bio-products, bio-engineered silk for textiles, Bio-Industrial Process Research Centre at Lambton College, Canada's bioeconomy, Canada's economic opportunity in bioeconomy, Canada's first bioeconomy strategy document, Canada's strengths in bioeconomy, Canada’s Biomanufacturing and Life Sciences Strategy, cellular agriculture technologies and products, converting organic waste to compostable products, dairy cows producing less methane, de-risking investment in commercial bioreactors, economic value of "bio-revolution", forest bioeconomy sector, genomics and bio-engineering, global bioeconomy market, green, low-carbon products, greening Canada's supply chain, incentives for Canadian companies to purchase domestically made bioproducts, incentives for investors in bioeconomy, innovation hub for bioeconomy in Burlington, Ont., integrating Canada's bioeconomy ecosystem, investment in Canada's bioeconomy, lack of "patient capital" in Canada to invest in bioeconomy, loss of Canadian bio-based firms to other countries, national strategy for bioeconomy, need for commercial bioreactors in Canada, new cell and gene therapies for patients, Ontario Genomics' BioCreate program, plant-based meat alternatives, replacing basic materials with biologics, supporting early-stage bio-based companies, use of biomass and biotechnology, using bio-based products to reduce greenhouse gas emissions, and Western University’s Institute for Chemicals and Fuels from Alternative Resources

Canada’s bioeconomy is a huge economic opportunity, but faces formidable challenges

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Canada’s bioeconomy is a huge economic opportunity, but faces formidable challenges

Events For Leaders in Science, Tech, Innovation, and Policy

Discuss and learn from those in the know at our virtual and in-person events.

Events For Leaders in
Science, Tech, Innovation, and Policy