Innovation and Bioeconomy

authored by: Stefanie Heiden, Henning Lucas
Abstract: The now broadly supported social insight into the urgency and necessity of a sustainable transformation, as well as the availability and further development of new key technologies (digitalisation, artificial intelligence, biologisation or biological transformation, environmental protection technologies ...) will trigger a historically exemplary megatrend that will ultimately drive a "green" (or sustainable) Kondratieff wave. The focus will no longer be on increasing labour productivity to secure our prosperity, but on increasing resource and energy productivity as drivers of securing quality of life, prosperity and peace. Growth and the consumption of non-renewable natural resources will thus be decoupled. After all, sustainability is not the result of innovation alone; rather, sustainability is the driver and shaper of innovation. For companies, tomorrow's business success will go hand in hand with the decarbonisation strategies and efforts to be established in today's existing sectors, in their own companies; driven by this, completely new, future business models will be developed, indeed are already in the starting position. In order to effectively meet the enormous and urgent challenges, the successful participation of actors from the most diverse areas of life in society, from consumers to NGOs to politics, science, business, entrepreneurs and companies, is required in order to create sustainable innovations from inventions.
Organisation(s): Institute of Innovation Research, Technology Management & Entrepreneurship
Type: Contribution to book/anthology
Pages: 269-287
No. of pages: 19
Publication date: 25.06.2022
Publication status: Published
Peer reviewed: Yes
Sustainable Development Goals: SDG 7 - Affordable and Clean Energy
Electronic version(s): https://doi.org/10.1007/978-3-662-64415-7_18 (Access: Closed)