Vol. 11 No. 3 (2022)
Full Research Articles

Bio-based Business Models: specific and general learnings from recent good practice cases in different business sectors

Nora Hatvani
Bay Zoltan Nonprofit Ltd, Derkovits fasor 2, 6726 Szeged
Martien J.A. van den Oever
Wageningen Food & Biobased Research, Bornse Weilanden 9, 6708 WG Wageningen
Kornel Mateffy
Bay Zoltan Nonprofit Ltd, Derkovits fasor 2, 6726 Szeged
Akos Koos
Bay Zoltan Nonprofit Ltd, Derkovits fasor 2, 6726 Szeged
Published November 4, 2022
Keywords
  • Bioeconomy,
  • Business Modelling,
  • Business Model Canvas,
  • Bio-Based Industry,
  • Business Readiness Level
How to Cite
Hatvani, N., van den Oever, M. J., Mateffy , K., & Koos , A. (2022). Bio-based Business Models: specific and general learnings from recent good practice cases in different business sectors. Bio-Based and Applied Economics, 11(3), 185-205. https://doi.org/10.36253/bae-10820

Funding data

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.

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