The Bio-based Industries Joint Undertaking (BBI JU) is a public-private partnership between the European Union and the Bio-based Industries Consortium (BIC) aiming to strengthen and structure the bio-based industries sector in Europe. 

BBI JU's mission is to implement, under Horizon 2020 rules, the Strategic Innovation and Research Agenda (SIRA). This document, developed by BIC after wide consultation and endorsed by the European Commission, identifies the main technological and innovation challenges that need to be addressed in Europe’s bio-based economy.

BBI JU finances projects that address these strategic challenges through yearly calls for proposals. The programme is fully open, so all SMEs, universities, research centres and other actors from all over the EU can create project consortia and apply for BBI JU funding by submitting a project proposal. After an evaluation carried out by independent external experts following the Horizon 2020 rules, selected projects carry out activities to develop new bio-based building blocks, materials and products, stimulate research and innovation in Europe, bridge the gap between bio-based innovations and the market, and integrate economic actors along the value chain in the bio-based industries sector.

Call preparation, evaluation and project management fully respect the principles of transparency, openness, and excellence of the Horizon 2020 programme except for a few derogations specific to BBI JU.