FOR A BLUE BIOECONOMY IN PORTUGAL
The modern and global world must find a new model that sets aside the economic growth from the degradation of the resources that are exploited, including sustainability solutions such as the promotion of a circular economy that drastically reduces the exploitation of the planet’s natural resources.
Within this framework, the Oceano Azul Foundation and the Calouste Gulbenkian Foundation have decided to join efforts to promote the value of the sea, its natural capital and its environmental and economic sustainability through the creation of the Blue Bio Value, a business acceleration program that aims to multiply business opportunities along the value chain of marine bio resources, including marine biotechnology, and sustainable development of products or services whose exploitation can contribute to a healthier use of the ocean.
The program promoters believe that by facilitating the creation of new sectors and companies based on sustainable business models they are contributing to the public interest of generating a new blue economy that is productive and generates new opportunities for skilled work, while conserving the ocean in an active way.
The Blue Bio Value Program is a three-year acceleration program for projects and startups linked to the blue bio economy. This initiative aims to attract projects and ideas and turn them into business opportunities along the value chain of marine bio resources, including biotechnology, and to develop sustainable products or services that are integrated into viable businesses.
With this program the Oceano Azul Foundation and the Calouste Gulbenkian Foundation join forces to contribute to Portugal becoming a relevant and innovative European pole for the development of the most modern marine bio economy, promoting a healthier use of the ocean.
Beside seeking the increase of companies involved in marine biotechnology, the Program also aims to overcome some of the main barriers that marine biotechnology sector is facing at a global level, such as the technology associated with costs of research and development; the limitation of farming on a large-scale or commercial scale; the weak investment channeled to this type of companies; regulatory and legal challenges, as the ownership of marine resources at sea or that already exist in public institutions.
The Program will focus on projects that represent a business opportunity along the marine bio resources chain, including biotechnology, and which have as their solution the development of sustainable products or services and whose exploration results have a positive impact on the ocean’s sustainability.
The applications are open. Know more at www.bluebiovalue.pt