Digital Entrepreneurship: Doing Business for Smart and Sustainable Bio-Based Economy

Abstract

Bio-based products can have a lower environmental and climate footprint than products based on non-renewable raw materials. There is a high potential for the production and use of renewable raw materials for industrial applications, notably the use of lignocellulose from agricultural and forestry residues, industrial crops, by-products/co-products and waste. New low-carbon, resource-efficient and sustainable value chains can be set up using this agricultural and forestry biomass to produce bio-chemicals, biomaterials and bioenergy. These chains will contribute to the diversification of the rural economy and the reinforcement of the industrial base. It will create rural growth and employment, and will help to meet energy and climate policy targets for 2030. This paper aims to study the role of digital entrepreneurship as an essential factor to increase the creativity and innovativeness for sustainable growth of Bulgarian bio-based economy. The results show that socially responsible behavior of the digital enterprises can provide added value based on a favorable reputation that they create.