PurposeThe purpose of this paper is to explain bio-economy dimensions as a new stream of knowledge-based economy that exists in the new era of the information and communications technology.Design/methodology/approachBio-economy refers to the production of a wide range of goods and services from plant, animal and forest-based material. It is more than just grain-based bio-fuels or bio-diesel as extensively highlighted in Latin America. It is related to biotechnology and other bio-activities based on knowledge generated from the bio-activities and extension of the knowledge-based economy.FindingsThe main concern of developing bio-economy is the environmental damage caused through the undesirable output produced by the bio-economy activities. Bio-economy is centred on research and development (R&D) collaborations across different sectors, including the public and private sectors, in order to breakthrough new products through invention and innovation.Originality/valueFor bio-economy to be realised and put into practice, it should have a well-developed regulatory framework as a platform in order to run and work smoothly.
World Journal of Science, Technology and Sustainable Development – Emerald Publishing
Published: Apr 3, 2018