WHAT DO YOU KNOW ABOUT TROPICAL BIOECONOMICS?


Bioeconomics is without a doubt the economic model of the future!

It brings together economic activities linked to innovation, production, development and the use of products with processes from the living and renewable world. It is tropical because it is based on environmentally friendly production and the use of all of the resources and richness which is teaming beneath our feet.

It focuses on markets in the areas of crop yields, industrial processes (food processing, environment, energy, etc.), and human and animal health.

MAIN SECTORS

  • Sugar cane
  • Fruit and vegetables
  • Aromatic plants, for fragrancing or medicinal purposes
  • Horticulture and other crop production
  • Fishing and aquaculture
  • Animal rearing
  • Microalga
  • The food processing industry
  • Health and wellbeing
  • The environment

MAIN MARKETS

  • Foodstuffs and functional food
  • Bioenergy
  • Biofertilisers
  • Eco-products
  • E-health
  • Tropical natural extracts
  • Bio-sourced materials and products
  • Plants and seeds

REUNION ISLAND


10 reasons to join us


A tropical European island, connected to the wider world...

A small volcanic island that basks in the sunshine in the middle of the Indian Ocean, Reunion is the most far flung part of the European Union, at 10,000km from the old continent. Shaped over several centuries by the influx of successive populations (Europe, Africa, Asia, etc.), Reunion is a cultural melting pot.  

 

A dynamic and diverse economy

Business creation, innovation capacities, flourishing sectors, areas of skill and excellence, etc.; the Reunion economy is on the up.
 

A developed and active economy

The Reunion economic scene is comparable to that of a developed country, in terms of legislation, business practice, productivity, technology, etc.
 

A higher level of growth than mainland France.

Between the 1970s and 2008 the Reunion economy grew at a rate of around 5%, riding the wave of high local-production development, thus reducing the volume of imports.
 

In spite of the deteriorating global situation (and notably its effect on employment), growth remains superior to that in mainland France: 1.2% in 2011 and 0.7% in 2012 with a GDP of over 16 billion euros. It is supported by a resumption of investment and consumption, a fall in inflation contributing to an improvement in the purchasing power of households since 2012 (National Institute for Statistics and Economic Studies (INSEE) Reunion economic table 2014).
  

Areas of excellence

Reunion sets the example when it comes to breaking into new domains considered as strategic for its development and potentially that of the country as a whole.

  • As a competitiveness cluster Qualitropic is progressively putting the country on the course of its future economic model based on innovation in bioeconomic sectors.
  • Le Cyroi Cyclotron (the only one in the zone) carries out R&D projects on public health, including on a regional level.
  • A University with an intake of 13,000 students per year...
  • The private sector is not left behind, as numerous Reunion companies export their products and know-how.

 

A smart specialisation strategy

In the European Commission's mind, EU recovery will be achieved through the improvement of regional economic potential using a strategy of identification and utilisation of region-specific competitive advantages: "smart specialisation," known as S3

 

S3 is defined as a "selection process" which aims to "prioritise and concentrate resources on a limited number of areas of activity and technological sectors where a given region has a comparative advantage on a global level and is likely to generate new innovative activity giving the region a commercial advantage, in the medium terms, in the global economy." It is clear that S3 cannot be resumed in one single research and innovation strategy, but amounts to much more: according to the Commission it is a "territorial economic transformation program."

 

The Reunion Region strategy is based on three structuring areas capable of supporting the Island's transition to an environmentally knowledgeable, competitive and inclusive economy:

  • 1st priority: to enable Reunion to produce bioeconomic solutions for the benefit of the living economy
  • 2nd priority: to enable Reunion to develop ecotourism solution: a journey of emotions
  • 3rd priority: to enable Reunion to become an agile transformation platform to establish a knowledge, digital and carbon-free economy