“…According to its conventional definition, bioeconomy comprises all economic activities related to the development of renewable resources and use of biological products and process (Albrecht et al, 2010;Cristóbal, Matos, Aurambout, Manfredi, & Kavalov, 2016;D'Amato et al, 2017;Dietz, Börner, Förster, & von Braun, 2018;Efken et al, 2016;Golembiewski, Sick, & Bröring, 2015;Ingrao et al, 2018;Loiseau et al, 2016;McKormick & Kautto, 2013;OECD, 2009;Ramcilovic-Suominen & Pülzl, 2018;Sasson & Malpica, 2018). In this regard, bioeconomy is primarily focused on the development of biotechnology, referred to as the biotechnology-oriented approach.…”