Advancing a Framework for Entrepreneurship Development in a Bioeconomy

Abstract

This chapter frames bioeconomy as a pathway to sustainable development, and entrepreneurship as the bedrock of a bioeconomy. Its objective is threefold. First, the chapter enumerates the importance of innovation and entrepreneurship in a bioeconomy. Second, the chapter identifies the key production determinants and transformative game changers in a bioeconomy that should be the focus of innovative entrepreneurial activities. Third, it presents a conceptual framework for entrepreneurship development in a bioeconomy. The chapter employs systematic literature review approach to achieve its objectives. In total, the chapter asserts that there are several entrepreneurial opportunities in a bioeconomy, spanning the production determinants, the development of transformative game changers, and in distinct innovations like substitute products, new (bio-based) products and new (bio-based) processes.