The Bio-economy Strategy seeks to use South Africa's bio-based resources to become a significant contributor to the country's economy by 2030 through the creation and growth of biotechnology-based industries. In turn, these new industries will generate and develop bio-based services, products and innovations in which new and existing companies will provide and use such solutions.
The strategy provides a framework for investments and action by all relevant stakeholders in the National System of Innovation. As the effective implementation of the Bio-economy Strategy forms one of the four strategic outcomes for TIA in the current planning cycle, it will be implemented with greater intensity.
Over the five-year strategic period, TIA intends to place a renewed and deliberate emphasis on indigenous knowledge systems as a key basis for promoting economic inclusion and transformation with great potential to lead to the creation of new industries.