WASHINGTON--(BUSINESS WIRE)--The Biotechnology Innovation Organization (BIO) has officially named Dr. J. Craig Venter as the recipient of its 2016 George Washington Carver Award for innovation in industrial biotechnology. The award honors the legacy of George Washington Carver, who was one of the founding fathers of the chemurgy movement, a branch of applied chemistry focused on manufacturing industrial products from raw agricultural materials. Industrial biotechnology is the modern-day equivalent of Carver’s vision for chemurgy, and the annual award honors an individual for carrying on Carver’s legacy.