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ProBIO (Professional Support to the uptake of Bioeconomy RD results towards market, further research and policy for a more competitive European Bioeconomy) has two main objectives: to support the flow of knowledge-based Bioeconomy project results from research to market, as well as back to RD&I; and to foster the networking and knowledge exchange among different European initiatives under H2020 and FP7 and the most important players in the field, thus raising awareness among policy makers and engaging the general public.
The European Commission published its strategy concerning Bioeconomy in 2012: major investment in RD+I, joint policies and support to this market is essential. In that respect, ProBIO has been established as a support action for Knowledge Based Bioeconomy projects which identifies Bioeconomy research results to facilitate their uptake into the relevant sector. From that perspective, Europe 2020, the EU's growth strategy for the coming decade, endorses “a smart, sustainable and inclusive economy”.
Bioeconomy sales revenue in Europe is estimated to be €2 billion. This sector represents 22 million direct workers. The European Union is aware of the importance of investment networks to foster the growth of this sector. The target is that one euro invested in RD+I by the European Union in Bioceconomy shall correspond to a return of ten euros by 2025.