The knowledge economy has come to dominate much of policy discourse in the European Union with a particular emphasis in the Lisbon Agenda on becoming the leading ‘knowledge-based economy’ in the world by 2010. Such objectives are underpinned by the argument that knowledge and learning are central components of innovation and therefore competitiveness. Consequently the promotion of knowledge, learning and innovation are seen as unqualified goods. However, such processes are dependent upon their position within different places and across different scales because such relationships enable the creation and capture of value from knowledgebased commodities such as those derived from modern biotechnology and the broader life sciences. This paper conceptualises this relationship between knowledge and space by considering how knowledge-based commodity chains are positioned within particular places and across different scales.