Bioeconomy: innovative and technological solutions for modernizing the economy of Ukraine

Abstract

Modernization of the economy of Ukraine requires a transition from a linear economy to a circular economy (closed-loop economy) and the introduction of a bioeconomy based on the use of biotechnology. The bioeconomy is the part of the economy based on products, services and processes that are derived from biological resources (such as plants and microorganisms). The key element of the bioeconomy today is the use of biotechnology. The bioeconomy thrives on expertise and collaboration across multiple industries. The bioeconomy covers several sectors, in whole or in part (for example, agriculture, energy, food industry, biopharmaceuticals, etc.).