On Monday, April 13th, the BiomimicryNYC network helped Terrapin Bright Green launch their most recent white paper, “Tapping into Nature: The Future of Energy, Innovation and Business“. The paper, sponsored by NYSERDA, features 101 nature-inspired innovations and where they are in the marketplace — from concept to prototype, development and market.
The launch was held at the beautiful Loft Space at Pier A Harbor House overlooking the Hudson River and with views that included our Lady of Liberty.
Over 100 guests including sustainability professionals, business executives, architects, engineers, students and designers joined the festivities, which was also attended by sustainability pioneer Amory Lovins.
Attendees had the privilege of hearing from Bryony Schwan, founder of the Biomimicry Institute who lauded Terrapin’s stalwart effort in bringing the breadth and depth of biomimicry innovations in the marketplace to light. Noting how in the early 90’s biomimicry was focused more on mimicking shape or form, she emphasized the importance of the report’s in-depth analysis of market impact biomimicry is making across all industries including chemistry, materials and energy.
According to the white paper, the forecasted impact by the Fermanian Business and Economic Institute of bioinspired innovation could account for $425 billion of US GDP by 2030. Building construction, chemical manufacturing and power generation and distribution hold the predominant share.
Congruent with GDP, bioinspired innovation could also contribute approximately 2 million jobs by 2030.
The paper also notes that biomimicry has a long way to go as the vast majority of, “…company leaders and government policymakers are not yet familiar with the idea of looking to nature to solve human challenges.”
Chris Garvin, managing partner of Terrapin Bright Green and BiomimicryNYC board member then took the stage to walk attendees through the report’s unique interactive graphic entitled, “Market Readiness of Bioinspired Innovations” which “showcases over 100 examples of bioinspired technologies, ranging from early concepts to profitable commercial products.”
“What we’re really trying to show is the vast opportunity that exists for biomimicry to transform the world to be a better, healthier, more sustainable and resilient place,” Mr. Garvin concluded. His remarks and Terrapin’s leadership in bringing further biomimicry awareness to industry, academia and the general public were met with an enthusiastic round of applause.
Their work is vital to illuminating just how powerful innovation inspired and mentored by nature can be to the future of all industries and sectors.
Download the report by visiting Terrapin Bright Green.
Photo credit: Randall Anway