SCOTLAND’S industrial biotechnology community is exceeding growth expectations and is on track to achieve annual turnover of £1.2 billion by 2025, according to a refreshed strategy launched at the Industrial Biotechnology Innovation Centre’s (IBioIC) annual conference.
The updated National Plan for Industrial Biotechnology outlines new ambitions for Scotland’s bioeconomy, including reaching a target of 220 companies operating in the sector and more than 4000 employees by 2025, reflecting the increasingly important role of industrial biotechnology in the transition to net zero.
