Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/321753 
Year of Publication: 
2022
Citation: 
[Journal:] Bio-based and Applied Economics (BAE) [ISSN:] 2280-6172 [Volume:] 11 [Issue:] 3 [Year:] 2022 [Pages:] 185-205
Publisher: 
Firenze University Press, Florence
Abstract: 
Business models can be a perfect tool to meet the challenges in highlighting the competitiveness and sustainability potential of bio-based solutions, and facilitating primary producers to benefit from the opportunities offered by bioeconomy. In this work six concrete bio-based good practices that have succeeded in progressing from early ideas to products on the market were analysed. These examples pose new insights that can be used by a wide range of experts and stakeholders for the analysis of benefits and challenges of value chains in the bio-based economy sectors. It is concluded that the traditional Business Model Canvas needs to be extended with additional factors related to sustainability and business ecosystem. In order to establish a practical framework promoting economic viability of bio-based business cases, the importance is highlighted for adjusting the exclusive focus on Technology Readiness Levels by introducing levels reflecting business or market readiness.
Subjects: 
Bioeconomy
Business Modelling
Business Model Canvas
Bio-Based Industry
Business Readiness Level
JEL: 
O31
O32
Q01
Q14
Q16
Q20
Q50
Q55
Q56
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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