Navigation Links
President, CEO Leppävuori, VTT: Finland should create a national bioeconomy strategy

We must react to the sudden structural changes taking place in the Finnish IT sector and in traditional forestry industry. For Finland to succeed new business and service ecosystems must be developed. Bioeconomy has the prerequisites for becoming a successful example of this for Finnish business life. This will, however, require a functioning collaboration network and our own bioeconomy strategy.

On 12 April 2012, during the VTT Bioeconomy Forum Finland event in Helsinki, the President and CEO of VTT opened discussion on bioeconomy strategy and establishing a various partnership networks.

Bioeconomy has all the prerequisites for creating a radical increase in the value of exports and for developing into a new pillar of support for wellbeing in Finland. This will require the making of choices, the taking of risks, and the development and marketing of bioeconomy-based technologies.

According to expert assessment, by 2020 new technological solutions and diversification could, for example, raise Finland's current forest industry production by 6 billion euros (equal to an increase of 22% compared to 2010 level).

Fossil energy and material resources are shrinking, environmental problems are getting worse, and global population growth continues. On a global scale, adjusting to these developments requires radical changes to production methods, to the use of raw materials, and to living habits in general. Bioeconomy provides an answer to many of these challenges, and creates new business.

The forest industry, for example, can expand its current operations into the production of composites, biofuels and biochemicals, and into service businesses. This would also bring about a corresponding growth in sector profitability.

"I believe that Finland, thanks to its competences and raw materials, can become a future leader in bioeconomy, and create success and wellbeing for itself. The task requires a new way of thinking and operating: In addition to research, attention must also be paid on development and commercialisation of business throughout the innovation chain", states Erkki KM Leppvuori, President and CEO of VTT

VTT as playmaker

Erkki KM Leppvuori, challenges Finnish companies, research institutions and authorities to act together to expedite this development. "Bioeconomy much more than solely the utilisation of biomass is an opportunity to succeed for Finnish growth companies. We should act together to turn Finland into a forerunner in bioeconomy, a country that develops operating models and products." For the concept of Finland as pioneer country to succeed, this above all requires bold new business ideas, the participation of public funding to share the risk, and foreseeable legislation and control measures.

"The renewal of Finland's business sector can be expedited by forming a voluntary partnership network the Finnish Institute of Technology and Innovation (FIT). Research programmes in the network could be opened up to each other and large-scale multidisciplinary projects initiated in applied research," says Leppvuori. "This is also a question of effective utilisation of Finland's limited research resources."

"VTT has its own tool, the Advanced Study Centre (ASC), which was established for in-depth, international discussion," Leppvuori continues. "We invite research organisations and companies to participate in ASC-type operations to structure a bioeconomy strategy, and discuss and implement bioeconomy."

The European Union strategy introduces bioeconomy as the foundation of smart and green growth. According to Erkki KM Leppvuori, for Finland this is not only a challenge but an opportunity to exploit the country's high-grade competences for the benefit of business life and exports. Finland's valuable raw materials forests, water and minerals can be utilised more effectively to become highly refined export products.

According to the European Commission, the annual turnover of the bioeconomy sector in the European Union reaches EUR 2,000 billion, which corresponds to more than 22 million jobs and approximately 9% of the EU workforce. In 2014 the EU is to initiate Horizon 2020, a framework programme in research and innovation in the EU, the results of which are estimated to increase jobs by 130,000 by 2025.

What is bioeconomy?

Bioeconomy can be perceived solely as operations related to the processing of biomass. VTT nonetheless views bioeconomy more widely: as a future industrial sector created out of traditional biomass refining. Characteristic for the operations of the sector are resource efficiency, maximisation of value added, recycling, tight integration into energy production, and a capacity for cross-sector innovation. The bioeconomy framework is formed of the three pillars of sustainability: financial profitability; consideration of the environment; and serving society.

Contact: Erkki KM Leppvuori, President and CEO
VTT Technical Research Centre of Finland

Related biology news :

1. Entertainment Studios Networks Names Janice Arouh President, Domestic Distribution and Marketing
2. MiMedx Group Announces Launch of EpiFix™ and Hiring of Vice President, Wound Care
3. Finland invests €1.85 million in pan-European infrastructure for biomedical research
4. Finland to get a Center of Water Efficiency Excellence
5. Finland initiates European biomedical research infrastructures construction with $6.7 million for 2011
6. Rethinking who should be considered essential during a pandemic flu outbreak
7. Wetlands expert: China should think outside the flooding box with Three Gorges Dam
8. EPA and USDA should create new initiative to better monitor nutrients
9. Freezing kidney cancer: Hot treatment should be new gold standard for destroying small tumors
10. Report updates guidelines on how much weight women should gain during pregnancy
11. Study suggests obese women should not gain weight
Post Your Comments:
(Date:10/29/2015)... -- Daon, a global leader in mobile biometric authentication ... version of its IdentityX Platform , IdentityX v4.0. ... have already installed IdentityX v4.0 and are seeing ... UAF certified server component as an option and ... These customers include some of the largest and most ...
(Date:10/27/2015)... , Oct. 27, 2015 In the ... issues of concern for various industry verticals such as ... due to the growing demand for secure & simplified ... various ,sectors, such as hacking of bank accounts, misuse ... electronic equipment such as PC,s, laptops, and smartphones are ...
(Date:10/26/2015)... 2015  Delta ID Inc., a company focused on ... PC devices, announced its ActiveIRIS® technology powers the iris ... launched by NTT DOCOMO, INC in Japan ... smartphone to include iris recognition technology, after a very ... in May 2015, world,s first smartphone to have this ...
Breaking Biology News(10 mins):
(Date:11/27/2015)... ... November 27, 2015 , ... Pittcon is pleased ... technical presentations offered in symposia, oral sessions, workshops, awards, and posters. The ... range of applications such as, but not limited to, biotechnology, biomedical, drug discovery, ...
(Date:11/25/2015)... , November 26, 2015 ... Global Biobanking Market 2016 - 2020 report analyzes ... maintaining integrity and quality in long-term samples, minimizing ... long-term cost-effectiveness. Automation minimizes manual errors such as ... technical efficiency. Further, it plays a vital role ...
(Date:11/25/2015)... HOLLISTON, Mass. , Nov. 25, 2015 /PRNewswire/ ... ), a biotechnology company developing bioengineered organ implants for ... will present at the LD Micro "Main Event" ... p.m. PT. The presentation will be webcast live and ... will also be available at the conference for one-on-one ...
(Date:11/25/2015)... Orexigen® Therapeutics, Inc. (Nasdaq: OREX ) ... chat discussion at the Piper Jaffray 27th Annual Healthcare ... discussion is scheduled for Wednesday, December 2, at 8:00 ... replay will be available for 14 days after the ... NormartVP, Corporate Communications and Business Development , BrewLife(858) 875-8629 ...
Breaking Biology Technology: