Implementing the Blue Economy requires new sustainable business models and novel economic structures that reconcile economic development with the health of marine and coastal ecosystems.

Innovation should be at the core of the sustainability transition in all the Blue Economy sectors. Entrepreneurs and start-ups play a key role in these innovation processes, exploring innovative business models which can address environmental threats within the Blue Economy. Entrepreneurs can be the leading actors in transforming ecological challenges into economic opportunities while developing innovative and viable sustainable business models.

In order to enable and spread eco-innovative ideas and practices as well as leverage the potential of sustainable business models for the Blue Economy, entrepreneurs and start-ups need to be promoted.

Implementing the Blue Economy requires new sustainable business models and novel economic structures that reconcile economic development with the health of marine and coastal ecosystems.

Innovation should be at the core of the sustainability transition in all the Blue Economy sectors. Entrepreneurs and start-ups play a key role in these innovation processes, exploring innovative business models which can address environmental threats within the Blue Economy. Entrepreneurs can be the leading actors in transforming ecological challenges into economic opportunities while developing innovative and viable sustainable business models.

In order to enable and spread eco-innovative ideas and practices as well as leverage the potential of sustainable business models for the Blue Economy, entrepreneurs and start-ups need to be promoted.

For them to actively become transformative and innovative agents, we support entrepreneurs and start-ups by:

– Developing a study on the potential of sustainable entrepreneurship to provide circular business solutions to environmental and social challenges faced by the Blue Economy;

– Strengthening the Switchers Support National Partnerships (SSNP) and the Business Development Service Providers by specifically addressing the Blue Economy within the national strategies for sustainable business creation and development;

– Providing business support services for start-ups and entrepreneurs through the SSNP including: delivering green business model development trainings at local level; coaching and assisting selected green and circular economy entrepreneurs through tailored incubation services; offering specialized external technical assistance; supporting entrepreneurs to identify potential investors and become investor-ready as well as promoting financial deals to secure entrepreneurs’ growth and stability; ensuring impact monitoring, results dissemination and partnership sustainability; facilitating exchanges among Switchers, scouting opportunities and enhancing existing local green entrepreneurs’ networks.

Sectors that will be eligible are: coastal tourism, extraction and commercialisation of marine living resources, shipbuilding and repair, blue energy and blue bio economy.

– Developing a study on the potential of sustainable entrepreneurship to provide circular business solutions to environmental and social challenges faced by the Blue Economy;

– Strengthening the Switchers Support National Partnerships (SSNP) and the Business Development Service Providers by specifically addressing the Blue Economy within the national strategies for sustainable business creation and development;

– Providing business support services for start-ups and entrepreneurs through the SSNP including: delivering green business model development trainings at local level; coaching and assisting selected green and circular economy entrepreneurs through tailored incubation services; offering specialized external technical assistance; supporting entrepreneurs to identify potential investors and become investor-ready as well as promoting financial deals to secure entrepreneurs’ growth and stability; ensuring impact monitoring, results dissemination and partnership sustainability; facilitating exchanges among Switchers, scouting opportunities and enhancing existing local green entrepreneurs’ networks.

Sectors that will be eligible are: coastal tourism, extraction and commercialisation of marine living resources, shipbuilding and repair, blue energy and blue bio economy.