Abstract
Boosting innovation in European bioeconomy New projects to drive innovation within the European bioeconomy being funded by the CBE JU are outlined here. The Circular Bio-based Europe Joint Undertaking (CBE JU), a €2 billion public-private partnership advancing competitive circular bio-based industries in Europe, has signed its first 21 grant agreements this year. Two hundred ninety-three beneficiaries from 27 countries will receive €116 million in funding to develop new bio-based products and materials, first-of-their-kind production facilities, and innovative processes. The new projects will boost the competitiveness and increase the resilience of Europe’s bio-based economy by using often-underutilised resources to produce consumer products and industrial solutions to replace fossil-based ones. This will reduce the EU’s reliance on strategic imports and create new value chains, business opportunities, and green jobs, particularly in rural areas.
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