CHALLENGE PROVIDER

The challenges will come from large entrepreneurs operating within bioeconomic value chains. They will be related to changing the existing business model and running a business towards implementing the idea of a circular economy. In addition, the challenge will meet the following conditions:

• Economic activity in the Baltic Sea region
• Business operations in bioeconomy value chains
• The challenge concerns changing the business model towards a circular economy due to the lack of ready-made market solutions
• Willingness and opportunity to continue working with the Hackathon winner to introduce new solutions to the market

Benefits for the company submitting the challenge:

• Assistance in finding solutions through international business and research networks.
• A new look at an existing challenge thanks to unconventional ideas from cross-sector experts, SMEs, start-ups and research teams.
• Expert support in further development of ideas and commercial implementation of solutions.
• Tangible business benefits and sustainability impact through established R&D&I and commercial partnerships.
• Positive impact on the company’s image in terms of sustainable development and building a brand and image as an employer.

Our offer for Challenge Provider

Tailored, guided, & efficient service for discovering solutions & potential partners

Out-of-box ideas & learning new perspectives on the challenge

Experts’ know-how & support for idea testing & commercialization

Positive visibility for the sustainability mission & building employer brand

Launch RDI & commercial partnerships to support your sustainability mission

Examples of potential challenges:

• identifying potential business opportunities for biological waste side streams to create new value chains
• identifying bio-based materials that will replace non-renewable or harmful materials/identifying more sustainable alternatives to current biomaterials and raw materials
• identification of potential business opportunities for using bioresource data
• developing data-driven decision-making to improve the economic, social and environmental sustainability of the use of biological resources
• identifying appropriate (ICT) solutions to create greater value for customers

The company providing the challenge also:

• Participates in the Hackathon evaluation, providing us with feedback
• Participates in communicating the impact of the Hackathon process in written or video form
• Approves the content of the Impact Story publication showing the impact of the winning solution(s) on sustainable development