Abstract
Reducing the environmental pressure along the products life cycle, increasing efficiency in the consumption of resources and use of renewable raw materials, and shifting the economic system toward a circular and a climate-neutral model represent the heart of the current macro-trends of the European Union (EU) policy agendas. The circular economy and bioeconomy concepts introduced in the EU’s Circular Economy Action Plan and the Bioeconomy Strategy support innovation in rethinking economic systems focusing on market uptaking of greener solutions based on less-intensive resource consumption. In recent decades, industrial research has devoted enormous investments to demonstrate sustainable circular bio-based business models capable of overcoming the “Valley of Death” through alternative strategic orientations of “technological-push” and “market-pull”. 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 research methodology involves a bibliographic search based on the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) approach and the European Innovation Council (EIC) Accelerator Data Hub investigation to understand SMEs’ key success factors and start-ups of the circular bioeconomy sector. Eco and bio-based materials, nutraceuticals, and microalgae represent the most sustainable industry applications, leading to circular bioeconomy business models’ future perspective.
Highlights
The transition from a linear economy to a circular one rapidly stimulates new business models, gaining in all production sectors, including the bio-based world.Despite the bioeconomy contribution to tackling global climate challenges being widely recognized, many products and technologies with high potential do not reach the market, unsuccessfully overcoming the so-called “Valley of Death”.The term is conventionally used in the Venture Capitals environment and refers to the company’s start-up phase, which is represented as an evolutionary curve of its financial performance ranging from initial capital availability to the break-even point’s achievement of the production of profits.The financing of a start-up embraces the high-risk phases of pre-seed and seed in which the capital comes from the company’s founders, and the product has been designed or only prototyped
The opportunity to use additional sources such as Google Scholar has been discarded due to the minor accuracy of results and difficulties in querying results according to title, abstract, and keyword, which is necessary for using the PRISMA method
The Investigation of European Innovation Council (EIC) Accelerator Data Hub supported the exploration of innovative case studies of circular bioeconomy business models funded by the small and medium-sized enterprises (SMEs) Instruments Phase II since 2020
Summary
The transition from a linear economy to a circular one rapidly stimulates new business models, gaining in all production sectors, including the bio-based world.Despite the bioeconomy contribution to tackling global climate challenges being widely recognized, many products and technologies with high potential do not reach the market, unsuccessfully overcoming the so-called “Valley of Death”.The term is conventionally used in the Venture Capitals environment and refers to the company’s start-up phase, which is represented as an evolutionary curve of its financial performance ranging from initial capital availability to the break-even point’s achievement of the production of profits.The financing of a start-up embraces the high-risk phases of pre-seed and seed in which the capital comes from the company’s founders, and the product has been designed or only prototyped. The transition from a linear economy to a circular one rapidly stimulates new business models, gaining in all production sectors, including the bio-based world. The term is conventionally used in the Venture Capitals environment and refers to the company’s start-up phase, which is represented as an evolutionary curve of its financial performance ranging from initial capital availability to the break-even point’s achievement of the production of profits. The financing of a start-up embraces the high-risk phases of pre-seed and seed in which the capital comes from the company’s founders, and the product has been designed or only prototyped. The Valley of Death coincides with the demonstration phase of the model’s feasibility and profitability, during which a start-up struggles to identify incremental risk capital toward the industrial up-scaling. The opportunity of using chain of custody of forest-based products in the bioeconomy. Future phosphorus: Advancing new 2D phosphorus allotropes and growing a sustainable bioeconomy
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
