Sustainable Blue Economy

Besides the products served from biotechnology it is useful to know were, how we can us. This course is design for everyone and it provides you an overview about circular economy, connectivity with the sustainability, links of marine biotechnology and market, as well as will be given the concept of Small-Medium Enterprises. The short quiz after each module will consolidate the basic knowledge needed for studying biotechnology.

LEARNING OUTCOMES

By the end of this course, the student will be able:

• to understand the concept of circular economy and its connectivity with the sustainability

• to understand the basics of the market economy applied to marine biotechnology resources.

to know main concept how to create SME, how to start the SME activity.

After finishing this lesson, you should be able:

- to understand the concept of circular economy

- to understand  how circular economy is connected to sustainability

- to give examples to better visualize circular economy

WORKING METHOD

Total estimated time: 60 minutes

1. Watch and read all the following videos (6) and reading material (3)

2. Take the follow-up quiz Circular Economy

The lesson is designed to provide a comprehensive overview of the critical components of creating SME with the purpose of carrying out the activities in the field of blue biotechnologies. Launching the SME provides practical, real-world knowledge about the main steps how to start business successfully:

1. Self-assessment of the founder, which includes self-evaluation, analysis of an existing idea, market research;

2. Planning phase, which includes making a business plan, finding mentors and funding sources;

3. Implementation stage, which includes selection of name and entity, registration process, selection of a team;

4. SME development phase focusing on a risk management and new market entry strategies for blue biotechnology.

LEARNING OUTCOMES

1. Explain the concept of SME and blue biotechnology;

2. Make a self-assessment before starting a business including self-evaluation, analysis of an existing idea, market research;

3. List the main parts of business plan;

4. List and briefly describe how do you find mentors;

5. Consider which source of funding works best for the SME of blue biotechnology;

6. Discuss the type of entities discuss the types of entities suitable for SME of blue biotechnology

7. Discuss practical guidelines how to start the SME activity;

8. Discuss criteria to put together a team;

9. List at least four ways of risk management;

10. List and briefly describe at least four New market entry strategies for Blue biotechnology.

WORKING METHOD

Total estimated time: 37-40 minutes.

Follow step 1 - 2 to complete this lesson:

• Follow the presentation: Small-medium enterprises: blue biotechnology (Duration: 30:54 min)

• Quiz (Duration: 15 min)