Government and International Organizations Investing Heavily in Synthetic Biology
Synthetic biology aims to genetically
engineer organisms to generate a substance like fuel or medicine or gain a new
ability. Companies and researchers involved in synthetic biology are harnessing
the potential of nature to solve problems in the agriculture, medicine,
chemical, and manufacturing sectors. Scientists across the world are producing
microorganisms for bioremediation, to remove pollutants from the air, water,
and soil. These stakeholders are also engineering yeast to create rose oil,
which acts as a sustainable and eco-friendly substitute for real roses. The
rose oil is used by perfume manufacturers to make luxury cologne.
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Apart from this, the intensifying support of government and international organizations, such as the National Science Foundation (NSF), Synthetic Biology Engineering Research Center (SynBERC), International Association of Synthetic Biology (IASB), Centre for Chemical and Synthetic Biology (CCSB), and National Aeronautics and Space Administration (NASA), has assisted in synthetic biology market advance. These agencies offer assistance in the form of favorable policies and funding to facilitate basic and applied research in this field of science.
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In recent years, the U.S. has emerged as
the leader in the region due to the escalating support from government
organizations, such as NASA, NSF, and SynBERC, which provide hefty investments
and implement numerous policies promoting synthetic biology. Thus, the
increasing investments in synthetic biology R&D and advancements in
technology have boosted the development and launch of new products in this region.
Other reasons for the high significance of synthetic biology in North America
are the booming population of the elderly and rising cases of chronic diseases
in the region.
Thus, the advancements in synthetic biology
technologies will lead to the production of sustainable bioproducts, such as
fuels and medicines.
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