Meaning ● Circular Bioeconomy SMB Strategy, in the context of small and medium-sized businesses, involves developing and implementing business models that minimize waste and maximize resource utilization by integrating biological resources and processes within a closed-loop system. This framework focuses on decoupling economic growth from resource depletion and environmental impact, offering SMBs opportunities for innovation, cost reduction, and enhanced sustainability, crucial for long-term viability.
Scope ● The scope encompasses strategic decision-making around sourcing, production, and distribution processes, aligning them with circular economy principles; additionally, the integration of automation technologies to optimize resource efficiency and data-driven insights to refine business operations. Key to effective implementation is tailoring the circular bioeconomy approach to fit the specific constraints and opportunities of SMBs, ensuring strategies are scalable, economically feasible, and contribute to both environmental benefits and sustained business growth. Implementation includes identifying opportunities for waste stream valorization, developing innovative bio-based products or services, and fostering collaborations across the value chain.
