Innovation Express for circular bioeconomy value chains
Providing food, textiles, and energy among others, bioeconomy is a key aspect of our lives. Since the circular bioeconomy sector is still developing, building international circular bioeconomy value chains could become a determining success factor. Establishing such transnational circular bioeconomy value chains is often problematic, as, due to their cross-regional nature, the smaller companies serving a local market do not know each other.
There is a lack of awareness of funding within the Alpine region and measuring the impact of regional or entrepreneurial investments into the circular bioeconomy value chain. INNOBIOVC will build on solutions developed by the two Interreg Alpine Space projects ARDIA-NET and AlpLinkBioEco. Based upon the outputs of these projects, INNOBIOVC will create a new tool that allows partners to find out about funding opportunities, best partners, and to measure sustainability gains of circular products. That way the project will help companies to jointly develop new circular products.
In INNOBIOVC, LGCA is co-responsible for the design of a Sustainability Assessment Tool for measuring the economic, social, and environmental impacts of cross-regional value chains. The Sustainability Assessment Tool is fully developed and prototypically tested.