Bioeconomy is an economy which utilizes the biological natural resources and turns them into food, energy, and other products and services. It is characterized by the use of clean technologies which save the environment and by efficient recycling of materials. Bioeconomy makes us less dependent on fossil fuels, prevents the impoverishment of ecosystems and promotes economic development. Finland’s rise to become one of the world’s most prosperous countries is based on our ability to utilize renewable natural resources. Finland has top-notch expertise in sustainable forest bioeconomy. Some 80 per cent of our land area is covered with forest, which we manage so well that more timber grows every year than we utilize. We also use waste and side streams efficiently. Finland has strong know-how in technology, construction, energy, chemistry, food and health sciences. Innovation, cooperation and combined technologies in these fields make Finland a real pioneer in bioeconomy.