The First Global Bioeconomy Summit in Berlin in November 2015 defines bioeconomy as "knowledge-based production and utilization of biological resources, biological processes and principles to sustainably provide goods and services across all economic sectors". According to the summit, bioeconomy involves three elements: renewable biomass, enabling and converging technologies, and integration across applications concerning primary production (i.e.
The First Global Bioeconomy Summit in Berlin in November 2015 defines bioeconomy as "the use of biological resources, processes, and principles to create goods and services sustainably across all sectors". The summit emphasizes three crucial components: renewable biomass, enabling technologies, and the integration of these elements into primary production applications.