The EU, many of its Member States, and other European and world countries have bioeconomy strategies. The EU is in a process of reviewing and updating its Bioeconomy Strategy which was published in 2012. According to the European Commission plan, a Staff Working Document should be ready by late 2017, and possible new initiative on sustainable bioeconomy in 2018. The bioeconomy strategies typically inform about the need why bioeconomy is necessary and of the opportunities it provides. It is often taken as given that bioeconomy development per se will be sustainable in all of the concept’s dimensions: economically, environmentally and socially. But bioeconomy is not an automate that happens, and neither is it guaranteed that all these sustainable dimensions will be satisfied. Nor will markets solve the issue without policy intervention. On the other hand, in the existing bioeconomy strategies, bioeconomy development is often seen as a separate sector (agri, forest, waste, marine). However, another approach is to see bioeconomy as an overarching development and a way of thinking that needs to be mainstreamed to the whole economy, so that it can contribute to sustainable and circular economic development across the economy? What are the possible gaps in the existing bioeconomy strategies, and how should they possibly be updated? What are the requirements for a successful Bioeconomy Strategy? How to move from strategy to action? These are the questions that this ThinkForest seminar will address.