Bioeconomy Transformation Strategies Worldwide Require Stronger Focus on Entrepreneurship

Abstract

The number of governments worldwide embracing the vision of a sustainable bioeconomy is constantly rising. One factor facilitating the transformation of economies to such sustainable bioeconomies will be entrepreneurial activity. Hence, I analyze how available bioeconomy strategies account for the role of entrepreneurship in driving the bioeconomy transformation. That analysis indicates that the majority of existing bioeconomy strategies account for the transformative potential of entrepreneurship but remain ineffective with respect to achieving their goals. I consequently suggest devising entrepreneurship substrategies of bioeconomy strategies that are holistic, dedicated, and based on a clear causal rationale.