The Bioeconomy strategy in Horizon 2020

What the economic crisis has clearly shown is that Europe cannot afford its economic growth with low R&D manufacturing products. Science and enterprises must merge into hi-tech outcomes to become markets leaders. The European Union is pushing a lot on the bioeconomy sector, namely businesses based on biotechnology. But what is exactly bioeconomy? Is it so important nowadays in Europe? And what is the situation in Italy?

What is a bioeconomy