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SUPPORTING EUROPEAN COASTAL REGIONS IN THEIR TRANSITION TO A SUSTAINABLE BLUE BIOECONOMY

Periodic Reporting for period 1 - BBC (SUPPORTING EUROPEAN COASTAL REGIONS IN THEIR TRANSITION TO A SUSTAINABLE BLUE BIOECONOMY)

Berichtszeitraum: 2022-08-01 bis 2024-01-31

BlueBioClusters brings together 12 organisations from 10 European countries who are highly skilled in assisting start-ups, companies, and policymakers in advancing blue innovations. They will join forces to offer blue bioeconomy players innovative business development tools and methods. They will create a long-lasting impact by engaging directly with hundreds of regional actors to stimulate collaboration and positive change.

BlueBioClusters will:
1) Showcase integrated and circular value chains within the blue bioeconomy, which can serve as role models and inspiration to European coastal communities.
2) Develop tools for supporting businesses in integrating ecosystem services into novel ecology-driven business models and induce cross-sector collaborations along the value chain.
3) Foster effective stakeholder engagement through dedicated BlueBioClusters activities and exploitation of synergies and results beyond the project lifetime within and by other blue bioeconomy regions and actors.
4) Stimulate and accelerate the development of a sustainable blue bioeconomy by enabling start-ups and SMEs in the participating regions to realise their circular, eco-friendly business ideas.
5) Provide regional actors access to the technologies they require to realise their transition to blue bio-based solutions across the entire value chain.
In the first reporting period, BlueBioClusters mapped regional stakeholders and priorities related to the blue bioeconomy in each of its regions. Regional partners engaged with local actors to promote the project, discuss blue bio value chains, and discuss blue visions, also in relation to ecosystem services. BlueBioMatch, an online matchmaking platform for stakeholders in the blue bioeconomy, was created and gathered hundreds of stakeholders. The project started its matchmaking activities, which will be concluded in the second reporting period and will encompass tailored mentoring for blue bio startups in each project region.
BlueBioClusters has the potential to create innovative blue visions that contribute to the economic, social and ecological development of its target regions. By working transregionally, the project has the potential to create an unprecedented knowledge exchange, which can boost innovation in the sector, also through its innovative online community and matchmaking platform BlueBioMatch. In the next reporting period, the project will focus on co-creation and developing its methodology for ecosystem service valorisation, supporting startups through dedicated mentoring and organising transnational bootcamps and co-creation workshop to advance blue innovation in its of each regions.
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