Blue Bioeconomy Forum

The Directorate General for Maritime Affairs and Fisheries (DG MARE) of the European Commission and the Executive Agency for Small and Medium Sized Enterprises (EASME) initiated the Blue Bioeconomy Forum (BBF) in 2018 to bring together industry, public authorities, academia, finance and civil society in order to strengthen Europe’s competitive position, exploit the potential and ensure the sustainable use of the resources of the emerging blue bioeconomy.

The aim of the BBF was to develop a common understanding of the current status of blue bioeconomy in Europe and to collectively identify strategic developments, market opportunities, appropriate financial assistance, regulatory actions and research priorities. The BBF sought to exploit synergies between blue bioeconomy sectors which can benefit from the innovative and optimal uses of aquatic biomass, by sourcing biomass for a particular purpose (e.g. for high-value applications such as pharmaceuticals), but also by valorising by-products and ecosystem services.

For that purpose, the BBF project team, in a joint effort with its Steering Group members, thematic Working Groups and the active involvement of the wider blue bioeconomy community (the Forum) designed and developed a Roadmap. In that roadmap, the BBF identified 14 challenges that fall within four main themes: Policy, environment and regulation; Finance and business development; Consumers and supply chains; Science, technology and innovation. With the support of the BBF community…..