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CORDIS

Experimenting with Circular Service Business Models

Project description

The shifts in business activities for a circular economy

The transition to a circular economy aims to maintain the value of products, materials and resources for as long as possible by returning them to the product cycle at the end of their use, minimising the generation of waste. This requires smart solutions and production processes. The EU-funded CIRCULAR X project will experiment with circular service business models (CSBMs), such as companies shifting from selling to leasing products and introducing lifelong warrantees to extend product lifetimes. Specifically, it will develop a new field in sustainability: CSBM experimentation. The aim is to conduct boundary-pushing and cross-sectoral interdisciplinary research in the Netherlands, Sweden, China, the United Kingdom and the United States. The results will advance our understanding of how CSBMs manifest and how to experiment with these to advance business activities towards a circular economy transition.

Objective

With increasing pressures on resources and the climate it is clear that a new business paradigm is needed. The Circular Economy has been heralded as a driver for sustainability and competitiveness. In contrast to the current linear economy, materials are kept at their highest utility at all times. Despite great policy, business and academic interest, knowledge on how to move to a Circular Economy is lacking. CIRCULAR X addresses a new and urgent issue in sustainability research: experimentation with circular service business models (CSBMs). Examples include companies shifting from selling to leasing products and introducing lifelong warrantees to extend product lifetimes. CSBMs are far from mainstream and experimentation focused on trialling new CSBMs is little understood.

CIRCULAR X will develop a new field in sustainability studies: CSBM experimentation. It aims to conduct boundary-pushing and cross-sectoral interdisciplinary research in 3 continents and 5 countries – the Netherlands, UK, Sweden, China and USA - with 4 objectives:
1. Advancing understanding of CSBMs; their emergence and impacts
2. Advancing knowledge on CSBM experimentation
3. Developing CSBM experimentation tools
4. Designing and deploying CSBM experimentation labs

CIRCULAR X will bridge and expand disparate knowledge on experimentation approaches across disciplines such as sustainability, design, business and entrepreneurship research. It will develop novel CSBM and experimentation concepts, catalogues, tools and labs by bridging these yet disparate fields. Through its comprehensive international approach, CIRCULAR X will deeply advance understandings on how CSBMs manifest themselves and how these can be experimented with, which will ultimately advance business activities towards a circular economy transition.

Host institution

UNIVERSITEIT MAASTRICHT
Net EU contribution
€ 1 499 915,00
Address
MINDERBROEDERSBERG 4
6200 MD Maastricht
Netherlands

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Region
Zuid-Nederland Limburg (NL) Zuid-Limburg
Activity type
Higher or Secondary Education Establishments
Links
Total cost
€ 1 499 915,00

Beneficiaries (1)