{"id":138001,"date":"2024-01-30T07:32:00","date_gmt":"2024-01-30T06:32:00","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=138001"},"modified":"2024-01-22T12:31:11","modified_gmt":"2024-01-22T11:31:11","slug":"ibioic-secures-funding-to-continue-growth-of-scotlands-bioeconomy","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/ibioic-secures-funding-to-continue-growth-of-scotlands-bioeconomy\/","title":{"rendered":"IBioIC secures funding to continue growth of Scotland\u2019s bioeconomy"},"content":{"rendered":"\n\n
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The Industrial Biotechnology Innovation Centre (IBioIC) has been awarded long-term investment from the Scottish Funding Council (SFC), securing its position at the forefront of Scotland\u2019s emerging bioeconomy.<\/strong><\/p>\n\n\n\n

The commitment, announced by the First Minister earlier today (17th January), will enable the innovation centre to continue the development of a greener economy and support Scotland\u2019s transition to net zero. Industrial biotechnology explores the creation of more sustainable materials, consumer goods and pharmaceuticals by using bio-based alternatives to petrochemicals.<\/p>\n\n\n\n

IBioIC delivers support for industrial biotechnology research and development, early-stage entrepreneurship \u2013 including university spinouts and startups \u2013 and helps develop the skilled workforce the green transition requires.<\/p>\n\n\n\n

The innovation centre is a key driver of Scotland\u2019s National Plan for Industrial Biotechnology, which sets out a target of \u00a31.2 billion in associated turnover and 4,000 direct employees by 2025. In the decade since IBioIC was founded, it has supported over 260 companies through projects valued at \u00a36.8 million, which has in turn generated \u00a335 million in further investment from other sources.<\/p>\n\n\n\n

To date, IBioIC has also delivered skills programmes valued at \u00a325 million, supporting more than 467 students and connecting key universities and colleges with industry partners.<\/p>\n\n\n\n

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Mark Bustard, CEO of IBioIC, said:<\/strong> \u201cThe renewed commitment from SFC secures the long-term future of IBioIC and allows us to move into a new phase of supporting the acceleration of Scotland\u2019s bioeconomy. Industrial biotechnology has been recognised as a key driver of sustainable, economic impact and high-value, green jobs aligned to Scotland’s National Strategy for Economic Transformation and Scottish Enterprise\u2019s focus on economic transformation.<\/p>\n\n\n\n

\u201cOver the last 10 years, we have played an important role in developing the biotechnology ecosystem through our projects and membership initiatives. We now have our sights set on generating further impact and ramping up our efforts to connect the world-leading powerhouse of Scotland\u2019s universities and colleges with industry, alongside activities that will fuel the development of further early-stage companies and secure inward investment into this vibrant bioeconomy cluster.\u201d<\/p>\n\n\n\n

Karen Watt, Chief Executive of the Scottish Funding Council, added<\/strong>: \u201cToday\u2019s announcement builds on a decade of astute investment that has produced significant dividends in terms of new products, new processes and new jobs. It has also created valuable relationships between universities, colleges and industry.<\/p>\n\n\n\n

\u201cWe are delighted to be continuing to support the Industrial Biotechnology Innovation Centre to bring Scottish biotechnology processes and products to the global market and create future prosperity.\u201d<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

The Industrial Biotechnology Innovation Centre (IBioIC) has been awarded long-term investment from the Scottish Funding Council (SFC), securing its position at the forefront of Scotland\u2019s emerging bioeconomy. The commitment, announced by the First Minister earlier today (17th January), will enable the innovation centre to continue the development of a greener economy and support Scotland\u2019s transition […]<\/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":"The innovation centre is a key driver of Scotland\u2019s National Plan for Industrial Biotechnology and will be enabled to continue the development of a greener economy and support Scotland\u2019s transition to net zero","footnotes":""},"categories":[5572],"tags":[5838,8793,5796,5528],"supplier":[6780,6512],"class_list":["post-138001","post","type-post","status-publish","format-standard","hentry","category-bio-based","tag-bioeconomy","tag-biomaterials","tag-biotechnology","tag-sustainability","supplier-biotechnology-innovation-centre","supplier-scottish-funding-council"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/138001","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=138001"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/138001\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=138001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=138001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=138001"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=138001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}