Europe will hold a significant portion of the global Synthetic Biology Market in 2021, according to market research analysis. The European Union (EU) has consistently worked to promote the growth of synthetic biology in the area, which can be credited for this. In Europe, the market is being driven by an increase in the use of synthetic biology techniques in the fields of energy, health, and environment.
A project on New and Emerging Technologies (NEST) has funding from the European Commission as part of the 6th Framework Program (FP6). With this initial funding, research on synthetic biology was to be encouraged in Europe and later supported by regional funding organisations.
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