In recent decades, industrial research has devoted enormous investments to demonstrate sustainable circular bio-based business models capable of overcoming the “Valley of Death”. The study highlights industrial research’s evolution on bio-based circular business model validation, trends, and topics with particular attention to the empowering capacity of start-ups and small and medium-sized enterprises (SMEs) to close the loops in renewable biological use and reduce dependence on fossil fuels.
The latest paper of the Bioeconomy Pilot aims to investigate Circular Bioeconomy Business Models by analysing over 50 business models funded by the Horizon 2020 Programme.
The results offer insights about challenges and opportunities posed by a transition toward a circular bioeconomy, especially in overcoming the Valley of Death through the interaction of “technology push” and “market pull” strategic orientations.