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.  

Accelerator Cohort

Foresight is running special sessions of our Launch and Deliver programs for innovators in the bioeconomy space in Winter 2022 including:

  1. Mapping the Market, February 1, 2022
  2. End User Spotlight, February 15, 2022
  3. Bioeconomy Success Stories, March 1, 2022
  4. Service Providers, March 15, 2022
  5. Technology Spotlight, March 29, 2022
  6. Funding Landscape & Pitch Session, April 12, 2022

Connect with other innovators in the bioeconomy space while accelerating the growth of your business. Deadline to apply: January 21, 2022.

Key Focus Areas

In response to industry needs, we are looking for emerging ventures with solutions in five areas:

Sustainable Packaging

New Materials from Lignin & Nanocellulose

Textile Fibres

Wood-based Materials & New Uses of Wood

New Digital Solutions & Circular Business Models

Accelerating Circular Bioeconomy Innovation

Foresight and Founding Partners Genome BC and CMPC Ventures have launched bioNEXT, a sector-specific, ecosystem-based accelerator to drive development and scaling of Canadian ventures in the bioeconomy. BioNEXT builds on the successful waterNEXT, energyNEXT, and carbonNEXT initiatives to advance circular economy bioeconomy innovation in Canada.

bioNEXT Activities

Industry-Driven

Innovation Challenges that focus innovators on the needs of industry and accelerate cleantech adoption

Training & Mentorship

that's sector-specific for ventures that meet determined challenges and innovation gaps

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Global Market Connections

to introduce Canadian innovators to international customers and networks

Events & Capital

planning to connect innovators with industry and investors

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Research & Marketing

campaigns to build knowledge and accelerate Canada’s profile globally

Bioeconomy Report

Foresight recently led a 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.

This new 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.

Become a bioNEXT Partner

Foresight is securing industry partners to help guide the bottom-up development of this cluster. Initial work includes:

Business Development

Identification, support and training for 24 ventures in the bioeconomy space, creating new jobs, new exports, and new companies.

Ecosystem Capacity Building

Working with industry partners to identify the specific challenges and opportunities facing the pulp and paper industry, communities that rely on it, and the potential clean technology solutions, then designing programming or initiatives that will enhance the competitiveness and help the sector grow sustainably.