Supporting Pakistan Industry To Innovate in The Bio-Tech Based Products Market
Supporting Pakistan Industry To Innovate in The Bio-Tech Based Products Market
Supporting Pakistan Industry To Innovate in The Bio-Tech Based Products Market
A project
Supporting Pakistan
Industry to innovate
in the Bio-Tech based
products market
BIOFUEL ENERGY
Biofuel is a renewable energy, obtained from biological material.
Biofuels burn cleaner than gasoline, resulting in fewer greenhouse
gas emissions , and are fully bio-degradable (Capable of being
decomposed by the action of biological agents, especially bacteria).
Rudolf Diesel, inventor of the diesel engine, originally designed it to
run on vegetable oil.
Most gasoline and diesel fuels in North America and Europe are
blended with biofuel ( e.g. in Hybrid Cars )
The government of Pakistan has initiated a program named The
National Biodiesel Program that is targeting production of Biodiesel
through renewable resources such as vegetable oil, animal fats,
specific plant seeds, recycled cooking oil.
BIOTECH Project
BIOCHEM Project
o Addressing the Innovation
Challenges
• Assessing the Bio-based market
• Business Support toolbox
• Pakistan Business Innovation
Process
o Dissemination (distribution) and
Exit Strategy Plans
Conclusions
Drivers and Challenges to Bio Tech
Innovation
SOCIETAL DRIVERS
Climate Change
o Pakistan have to set target of GHG reduction for now & for future
Security in environment ?
• BUSINESS DRIVERS
• Growth in demand
o Switching from hydrocarbon to carbohydrate feed stocks for
making chemicals
o One third of chemicals and materials will be produced from
biological sources
• Cost Benefits
o Cost of petroleum feed stocks will eventually exceed the cost
of
biomass in future
Drivers and Challenges to Innovation
CHALLENGES
o Innovation in the bio-based products market is prevented
by:-
o Lack of awareness of Biotech and its benefits and potential
within the chemical value chain
o Lack of confidence to enter a new business and gain access to
new supply chains
o Majority of companies are not well connected to each other, to
the technology base or to their potential supply chains
O Limited access to specialist demonstration and other facilities
o Limited access to specific market expertise and access to
investment capital
BIOCHEM: Assessing the Market
Complete a comprehensive assessment of the bio-
based products market to
o Identify up-to-date barriers, constraints and opportunities
for bio-based production on the International & local
Chemical Industry
o Assess the impact of the recent economic crisis
BUSINESS GENERATOR
o Business Plan Competitions to identify best ideas for new
businesses, with winners receiving access to
• Entrepreneurial teaching classes and mentoring
• Technology transfer and matchmaking events
• Venture capital (capital invested in a project in which there is a substantial element of risk,
typically a new or expanding business)events