On Tuesday, 29 September, K4I organised a dinner debate in cooperation with Bio Base NWE at the European Parliament in Brussels, entitled: Enabling SME driven innovation in the bioeconomy: from concept to reality.

The added value of the biobased economy is the possibility to reduce dependence on fossil resources and introduce production processes based on renewable resources including waste. As such, the biobased economy has an important role to play in the circular economy which is based on the reuse of material. These two concepts are mutually reinforcing and both provide opportunities for innovation and improved sustainability.

SMEs are the key drivers for innovation in the biobased economy. However to exploit their full potential, some hurdles will have to be tackled. This project has analysed the most important bottlenecks, and is proposing policy recommendations to overcome them.