Bio-economy is the production and utilization of biological resources, innovative biological processes and principles to provide sustainably produced food and industrial goods and energy. Bio-economy can be described as the next economic development wave shaping the post-fossil society. Thus the bio-economy and its biological resources represent a unique platform for innovation efforts and business opportunities. In many countries SMEs are key drivers of biomass-based innovation. Yet there is a lack of innovation capacity and a need to empower the SMEs to participate in bio-economy development in the South Baltic Area.
The materials deriving from the agro-industrial value chains can be converted into a variety of innovative food, non-food products and energy. Emerging from the biomass resources, the enterprises and the production systems in the participating regions concrete proposals for innovative biomass-based products and production processes will be identified and developed, and existing and new knowledge will be transferred between the regions and disseminated to SMEs and other actors in the bio-economy business eco-systems. By involving a bigger number of associated partners in the individual project activities cross-border transfer and innovation will be enforced. Based on the interaction with the SMEs and other stakeholders the project will provide new knowledge and concrete solutions for innovative products, processes and business opportunities, which are feasible for piloting and investments, and establish cross-border cooperation structures.