A new innovation centre for industrial biotechnology (IB) is forecast to increase IB related turnover to up to £3 billion by 2030, create 1500 jobs within five years and put Scotland at the forefront of a global transformation.
It brings together academic and private sector partners to play a leading role in the potential £360 billion global industrial biotechnology market.
Industrial biotechnology is the use of biological substances, systems and processes to produce intermediate and final products such as pharmaceuticals, chemicals, materials and energy -- both cost-effectively and with minimal adverse environmental impact.
