This platform aims at helping regions and industry bridge the gap between bio-based investment opportunities and financial incentives at regional level. The European Committee of Regions (CoR) supports this objective.

This is in line with the position of the CoR which has been working on the bioeconomy, raising awareness and strengthening the local and regional dimension for the past years. The CoR has also stated that platforms such as the Bio-Based Industries Consortium, able to maximise the potential of the findings and knowledge acquired and to combine local and regional initiatives, can promote bioeconomy processes effectively. 

The Central-Eastern European Initiative for Knowledge-based Agriculture, Aquaculture and Forestry in the Bioeconomy – BIOEAST – offers a governmental level strategic research and innovation framework for working towards sustainable bioeconomies in the Central and Eastern European (CEE) countries.

One of the main objectives is to initiate cooperation and to establish multi-stakeholder networks and clusters, and to facilitate joint actions at European level; Thus raising awareness and strengthening the local and regional dimension is a priority. The engagement and involvement of local authorities, local industrial and academic partners in future partnerships is vital. The digital platform initiated by the Bio-Based Industries Consortium could serve a powerful tool in engaging regions and industrial partners.

The platform focuses on creating local value chains and access to finance, namely helping regions and industry bridge the gap between bio-based investment opportunities and financial incentives at regional level. The European Committee of Regions (CoR) supports this objective. 

"This is in line with the position of the European Committee of the Regions (CoR) which has been working on the bioeconomy, raising awareness and strengthening the local and regional dimension for the past years. The CoR has also stated that platforms such as the Bio-Based Industries Consortium, able to maximise the potential of the findings and knowledge acquired and to combine local and regional initiatives, can promote bioeconomy processes effectively."

BIC has more than 240 industry members covering the whole value chain, from primary production to market actors, across multiple and diverse sectors including:

Agriculture & agri-food, aquaculture and marine, chemicals and materials, forestry and pulp & paper, technology providers, waste management, brand owners & beyond...

More than 40 European regions from across more than 20 countries are participating in the BIC bioeconomy platform for regions.