bioNEXT

Seizing the Bioeconomy Opportunity

Canada has a unique opportunity to elevate competitive advantages in the forestry, pulp and paper, and agriculture sectors, and to use the existing innovation ecosystem to create a thriving market for bioproducts. The circular bioeconomy is projected to be a $7.7 trillion opportunity by 2030 with $240 billion in Canada alone. 

As an emerging innovation space, there is an urgent need to engage companies and investors operating in these sectors, bringing together a highly focused innovation cluster. Through a market-driven approach to current research and technology innovation efforts, we can help to speed up technology commercialization and deployment.  

Accelerating Circular Bioeconomy Innovation

Foresight and Founding Partners CMPC and Genome BC have launched bioNEXT, a sector-specific, ecosystem-based accelerator to drive development and scaling of Canadian ventures in the bioeconomy.

Bioeconomy Report

In January 2021, Foresight released a report detailing our four-month pan-Canadian project focused on accelerating circular bioeconomy innovation. Supported by Natural Resources Canada’s Canadian Forest Service (NRCan-CFS), the project connected actors in the emerging bioeconomy ecosystem to gain insights and identify market opportunities.

The report outlines the initiatives we undertook and what we learned about this exciting opportunity to accelerate growth of the green economy. We share recommendations, including how to address the need for market connections for Canadian bioeconomy innovators and companies seeking solutions.