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Stakeholders Strongly Support the European Commission’s Biotech Strategy to Position the EU a Global Innovation Leader

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Numerous industry associations and organizations, dedicated to fostering innovation in biotechnology and biomanufacturing, enthusiastically welcomed the European Commission’s latest initiative, according to a press release posted on the Euroseeds website. By embracing the potential of biotechnology and biomanufacturing across various sectors, the strategy represents a significant step toward meeting future demands. It also aligns with the EU’s long-term strategic objectives, particularly in terms of enhancing health security, economic growth, and sustainability.

“Several industry associations and organizations firmly supporting innovation in biotechnology and biomanufacturing actively welcomed the European Commission’s latest initiative aimed at advancing these critical areas within the EU. By embracing the potential of biotechnology and biomanufacturing across diverse sectors, the strategy is a pivotal step towards meeting future demands while aligning with the EU’s strategic long-term objectives, especially in terms of health security while advancing economic growth and sustainability goals.”

The Alliance for Biosolutions, Association of Manufacturers and Formulators of Enzyme Products (AMFEP), Bio-Based Industries Consortium (BIC), BioChem Europe, Cellular Agriculture Europe, Confederation of European Yeast Producers (COFALEC), CropLife Europe, EFPIA, European Biodiesel Board (EBB), European Bioplastics, European Confederation of Pharmaceutical Entrepreneurs (EUCOPE), European Food and Fermentation Cultures Association (EFFCA), Euroseeds, EU Association of Specialty Feed Ingredients and their Mixtures (FEFANA), EuropaBio, Food Fermentation Europe, Good Food Institute Europe, and IPA Europe all stress the initiative’s importance in positioning the EU as a global innovation leader.

Nevertheless, stakeholders emphasize the urgent need for immediate action to address current bottlenecks in the strategy, which hinder investment, innovation, and commercialization. They have drafted key recommendations for the European Commission, urging streamlined regulatory processes, ensuring access to necessary resources, and enhancing public understanding and recognition of biotechnology’s role in shaping Europe’s future.

“With a shared commitment to driving progress in biotechnology and biomanufacturing, the coalition of stakeholders above calls upon the incoming European Commission to prioritize this initiative, backing it by legislative and financial commitments,” the release states. “They advocate for a collaborative approach, urging EU Member States to align actions at the national level and for the European Parliament to integrate initiative outcomes into legislative frameworks.”

Read the entire statement here