{"id":108449,"date":"2022-05-02T07:23:00","date_gmt":"2022-05-02T05:23:00","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=108449"},"modified":"2022-04-26T12:03:44","modified_gmt":"2022-04-26T10:03:44","slug":"schmidt-futures-publishes-groundbreaking-new-bioeconomy-strategy","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/schmidt-futures-publishes-groundbreaking-new-bioeconomy-strategy\/","title":{"rendered":"Schmidt Futures Publishes Groundbreaking New Bioeconomy Strategy"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><\/h2>\n\n\n\n\n\n<ul class=\"wp-block-list\"><li><strong>The <a rel=\"noreferrer noopener\" href=\"https:\/\/www.schmidtfutures.com\/our-work\/task-force-on-synthetic-biology-and-the-bioeconomy\/\" target=\"_blank\">U.S. Bioeconomy: Charting a Course for a Resilient and Competitive Future<\/a> was informed by the Task Force on Synthetic Biology and the Bioeconomy<\/strong><\/li><li><strong>Report recommends strategic $2 billion investment for U.S. to steer future of what could be a $30 trillion global industry for the benefit of people worldwide and provides strategic plan to achieve progress<\/strong><\/li><\/ul>\n\n\n\n<p><strong>Today, Schmidt Futures released \u201c<a href=\"https:\/\/www.schmidtfutures.com\/our-work\/task-force-on-synthetic-biology-and-the-bioeconomy\/\" target=\"_blank\" rel=\"noreferrer noopener\">The U.S. Bioeconomy: Charting a Course for a Resilient and Competitive Future<\/a>,\u201d a strategy developed to outline what it would take for the U.S. and for people worldwide to maximize the benefits of the bioeconomy \u2013 from creating jobs to fighting climate change to reducing dependence on fossil fuels. The bioeconomy is economic activity driven by research and innovation in the life sciences and biotechnology to create useful products in a broad range of sectors including health, nutrition, agriculture, and industry.<\/strong><\/p>\n\n\n\n<p>Schmidt Futures\u2019 work on the bioeconomy builds upon the core mission of the philanthropic initiative to bet early on a group of exceptional people making the world better, through solving hard problems in science and society. To achieve this goal, Schmidt Futures mobilized the Task Force on Synthetic Biology and the Bioeconomy in October 2021 in an effort to provide clear recommendations and solutions to hard problems in the field, and to lay the groundwork for a strong and efficient bioeconomy in the United States and beyond.<\/p>\n\n\n\n<p>Members of the Task Force include subject matter experts across academic disciplines, including synthetic biology, physics, ethics, and chemistry; venture capitalists and industry leaders from both small and large companies; and leaders from biotechnology consortia. The report aims to spur federal action that will build a better world by:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Reducing the nation\u2019s dependence on fossil fuels<\/li><li>Revitalizing U.S. manufacturing and cultivating a more diverse bioeconomy workforce<\/li><li>Creating more resilient supply chains<\/li><li>Addressing concerns regarding national competitiveness and national security<\/li><li>Improving the nation\u2019s health and the environment<\/li><li>Contributing significantly to the goal of creating a net-zero carbon economy<\/li><\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cSynthetic biology is about to explode, it is the next frontier for innovation,\u201d said <strong>Eric Schmidt<\/strong>, Co-Founder of Schmidt Futures with his wife, Wendy. \u201cRight now, the U.S. has the opportunity to capture a leadership position in the circular bioeconomy, which will profoundly impact our ability to create and manufacture goods domestically. As a nation, we should want to get in on the ground floor, so that we can establish the standards for a sector destined to become a major driver of the global economy.\u201d<\/p><\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cOur economy was not designed with the planet in mind. If anything, it was designed to consume the planet\u2019s resources at an ever increasing rate,\u201d said <strong>Wendy Schmidt<\/strong>, co-founder of Schmidt Futures. \u201cThe bioeconomy imagines a different path, a way to transform agriculture, manufacturing, and other industries so that we can work with, rather than against the natural world, to create a healthy, sustainable future.\u201d<\/p><\/blockquote>\n\n\n\n<p>The Task Force has identified funding opportunities to develop a bioeconomy that will deliver substantial economic and public benefits, including the creation of over 1 million high-paying jobs, and the revitalization of underserved and marginalized communities across the nation. The results of the Task Force\u2019s work were published in an interim report and in succession, the new report offers additional recommendations and an implementation strategy. This can help guide the U.S. government, academia, and industry towards global leadership in bio-based production, and the development of a circular U.S. bioeconomy, in which waste products are repurposed sustainably to create highly valued products and materials.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cFor the first time, the country\u2019s foremost experts from across disciplines were brought together to chart the course toward a circular bioeconomy that transforms the carbon we have into the carbon we need,\u201d said <strong>Mary Maxon<\/strong>, Ph.D., Senior Fellow, Schmidt Futures. \u201cThe time is right to capitalize on the current momentum in support of revitalizing technology-based manufacturing in the United States, as a means of spurring regional and more equitable economic development and ensuring the US develops a world-leading bioeconomy.\u201d<\/p><\/blockquote>\n\n\n\n<p>The bioeconomy, which generates at least 5% of U.S. GDP, is severely lacking the adequate investment in advanced manufacturing science and engineering required to scale the research, infrastructure, and workforce that will seed the next wave of innovation in engineering biology. Currently, vital talent and facilities are outsourced beyond the U.S., impeding the potential growth of a future bioeconomy where biology is used to produce 96% of domestic manufactured products.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cThis strategy underscores the need for national action on the bioeconomy and provides the federal government and other stakeholders with a roadmap that will lead to yet-to-be-imagined opportunities for all communities across the country and create a diverse workforce in the process,\u201d said <strong>Andrea Hodgson<\/strong>, Ph.D., Fellow, Schmidt Futures.<\/p><\/blockquote>\n\n\n\n<p>\u201cThe U.S. Bioeconomy: Charting a Course for a Resilient and Competitive Future\u201d identifies five strategic pillars with key actions that the federal government and other stakeholders can take to address this gap in funding. A concerted national effort will require a coordinated system-of-systems approach. The U.S. must create an administrative \u201chome\u201d for the bioeconomy to coordinate economic growth activities, address foundational science and technology challenges, build a national infrastructure for bioproduction, develop a well-trained, diverse workforce, and enable centralized leadership and a policy environment that incentivizes and supports a circular bioeconomy.<\/p>\n\n\n\n<p>Alongside a series of efforts begun this year, the Task Force\u2019s work further illustrates this model alongside programs that are addressing hard problems such as what we have to get right in AI by 2050 to the development of scientific software to the way in which we identify and support exceptional talent.<\/p>\n\n\n\n<p><strong>\u201cThe U.S. Bioeconomy: Charting a Course for a Resilient and Competitive Future\u201d is available for download at <a href=\"https:\/\/www.schmidtfutures.com\/our-work\/task-force-on-synthetic-biology-and-the-bioeconomy\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.schmidtfutures.com\/our-work\/task-force-on-synthetic-biology-and-the-bioeconomy\/<\/a><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Task Force Members<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Andrea Hodgson, Co-lead<\/li><li>Mary E. Maxon, Co-lead<\/li><li>Jun Axup*<\/li><li>Stephanie Batchelor*<\/li><li>Patrick Boyle*<\/li><li>Rocco Casagrande<\/li><li>Rob Carlson*<\/li><li>Luis Casc\u00e3o-Pereira*<\/li><li>Gaurab Chakrabarti*<\/li><li>Sunil Chandran*<\/li><li>Mike Fero*<\/li><li>Darrell Ezell<\/li><li>India Hook-Barnard*<\/li><li>Sean Hunt*<\/li><li>Ganesh Kishore*<\/li><li>Kat Knauer*<\/li><li>Natalie Kuldell<\/li><li>Michael Roach<\/li><li>Larisa Rudenko<\/li><li>Ian Simon<\/li><li>Deepti Tanjore*<\/li><li>Frank Tate*<\/li><li>Alexander Titus*<\/li><li>Tom Tubon<\/li><li>Christopher Voigt*<\/li><li>Paige Waterman*<\/li><li>Joe Alper, Science Writer<\/li><li>Robert Hanson, Illustrator<\/li><li>Sifang Chen, Research Associate*<\/li><li>Kathryn Hamilton, Research Associate*<\/li><li>Albert Hinman, Research Associate*<\/li><\/ul>\n\n\n\n<p>With the exception of Schmidt Futures program co-leads, all members participated in their personal capacity. While this document generally reflects the observations, insights, and recommendations of the group, it should not be assumed that every member will have agreed with everything expressed herein.<\/p>\n\n\n\n<p>* Denotes the Task Force members who contributed to both the interim report and this final document. With the exception of Schmidt Futures program co-leads, all members participated in their personal capacity. While this document generally reflects the observations, insights, and recommendations of the group, it should not be assumed that every member will have agreed with everything expressed herein.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">About Schmidt Futures<\/h3>\n\n\n\n<p>Schmidt Futures bets early on exceptional people making the world better. Founded by Eric and Wendy Schmidt, Schmidt Futures is a philanthropic initiative that brings talented people together in networks to prove out their ideas and solve hard problems in science and society.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Bioeconomy: Charting a Course for a Resilient and Competitive Future was informed by the Task Force on Synthetic Biology and the Bioeconomy Report recommends strategic $2 billion investment for U.S. to steer future of what could be a $30 trillion global industry for the benefit of people worldwide and provides strategic plan to [&#8230;]<\/p>\n","protected":false},"author":59,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","nova_meta_subtitle":"Calls for Strategic Investment, Workforce Development, and Infrastructure to Bring Innovations from Lab to Market","footnotes":""},"categories":[5572],"tags":[5838,5796,13087],"supplier":[19490],"class_list":["post-108449","post","type-post","status-publish","format-standard","hentry","category-bio-based","tag-bioeconomy","tag-biotechnology","tag-climate","supplier-schmidt-futures"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/108449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=108449"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/108449\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=108449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=108449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=108449"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=108449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}