Integration of biotechnology into the economic system for bioeconomy development

Subject. The article discusses the influence of biotechnology on the development of various sectors of the economy. Objectives. The study aims at correlation of different groups of biotechnology with types of economic activity, analysis of prospects for bioeconomy development. Methods. I performed the content analysis of scientific literature, constructed Sankey diagrams. Results. The study established that many biotechnologies are applied in various sectors of the economy, including the production of food products, pharmaceuticals, and materials used for medical purposes. I developed a new approach to planning regional economic development, taking into account climatic and geographical characteristics and focused on resource conservation, which implies the creation of mechanisms for integrating biotechnology into economic activities. Conclusions. Further spread of biotechnology will contribute to the formation of competitive bioeconomy, which aligns with the national interests of Russia.