Synthetic Biology Accellerator

I have heard the term 'synthetic biology' used many times.  Most recently in the funding proposal for a startup.   It is usually is misused in odd ways.  These folks seem to have it right.  It is about simulating biological processes.  From low level to high level models.  Those simulations can be useful in understanding them. It combines engineering and biology.  It can be used to extend the process design beyond existing biology.   It is not about making  living things.