In 15 years the emerging field of biomimicry could represent $300 billion annually of U.S. gross domestic product (GDP) in 2010 dollars, according to this report; it could account for 1.6 million U.S. jobs and provide another $50 billion in terms of mitigating the depletion of natural resources and reducing CO2 pollution; and globally, biomimicry could represent about $1.0 trillion of GDP in 15 years. An economic game changer in other words.
This week marks the next round of the Biomimicry Global Design Challenge, an annual competition that invites people around the world to address critical sustainability issues, using nature as a guide, to create commercially viable, nature-inspired solutions to this year’s theme: food system challenges; the winners of which secure a place in the Accelerator program and a shot at the $100,000 Ray of Hope Prize (funded by the Ray C. Anderson Foundation).
“Our hope is that the Global Design Challenge will mobilize thousands of students and professionals around the world to tackle the problem of food security,” said Janine Benyus, biologist, author and founder of the Biomimicry Institute. “Our goal is to show how modeling nature can provide viable solutions to reduce hunger, while creating conditions conducive to all life. And we want to get those solutions to market as quickly as possible.”