The government – the Finnish Ministry of Employment and the Economy were key actors – published a bioeconomy strategy in May 2014 (The Finish Bioeconomy Strategy – sustainable growth from bioeconomy). According to this, the bioeconomy is already of enormous economic importance in Finland: it accounts for 16% of the gross domestic product (GDP) and is mainly generated by the following sectors: agriculture, forestry, food and chemistry. Finland focuses primarily on the utilisation of biomass for a wide range of applications.
AMSilk relocates headquarters and plans further growth
AMSilk's biotech spider silk proteins are already used in a range of products. Just last year, the world's first commercial supplier of biotech silk polymers raised a multi-million investment from new investors to expand its market presence outside Europe.