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 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.

Read the Full Report
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"ZILA Works is fortunate to be part of the Foresight family, not only for the ongoing business development support but hosting great events that connect us to investors and strategic partners."

Jason Puracal, Co-Founder & CEO, ZILA Works

Become a bioNEXT Partner

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

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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.

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Looking for more ideas or inspiration? Check out some similar posts from the Foresight blog.

Community of Innovators

Do you have a passion for cleantech and ideas about greening our economy? Foresight’s Community of Innovators is a network of Canadians who are actively involved in cleantech and sustainability.

Join our Community of Innovators

Become A Partner

Discover how collaborating with Foresight can help you connect with cleantech opportunities and achieve your goals.

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