Bioeconomy refers to an economy that relies on renewable natural resources to produce food, energy, products and services. The bioeconomy strives to reduce our dependence on fossil natural resources, to prevent biodiversity loss and to create new economic growth and jobs in line with the principles of sustainable development.
The Bioeconomy Strategy was drafted in a project set up by the Ministry of Employment and the Economy. Participants in this project were the Prime Minister’s Office, the Ministry of Agriculture and Forestry, the Ministry of the Environment, the Ministry of Education and Culture, the Ministry of Social Affairs and Health, the Ministry of Finance, the administrative branches under these Ministries, as well as VTT Technical Research Centre of Finland and the Finnish Innovation Fund Sitra. Stakeholders representing the bioeconomy also gave their inputs to strategy preparation. They were consulted in five workshops, three regional bioeconomy forums and sectoral consultations.