Development of bio-based economy: Entrepreneurial endeavors and innovation across Bulgarian wine industry

Title: Development of bio-based economy: Entrepreneurial endeavors and innovation across Bulgarian wine industry
Issue: Vol. 13, No 2, 2020
Published date: 06-2020 (print) / 06-2020 (online)
Journal: Journal of International Studies
ISSN: 2071-8330, eISSN: 2306-3483
Authors: Mina Angelova
University of Plovdiv Paisii Hilendarski

Daniela Pastarmadzhieva
University of Plovdiv Paisii Hilendarski
Keywords: bio economy, innovation, knowledge management and entrepreneurship, wine industry, Bulgaria
DOI: 10.14254/2071-8330.2020/13-2/11
Language: English
Pages: 149-162 (14)
JEL classification: L26, O30, Q57
The current article is part of a project КP-06-М25/5/17.12.2018, financed by National Science Fund of Bulgaria, Ministry of Education and Science.

We are living in a time when the population of the Earth is increasing and the available resources are decreasing. The latter requires the establishment of a smart and sustainable bio-based economy, and the creation of such an economy is tightly associated with the implementation of innovations. Bulgarian wine industry is a sector, where possibilities of innovations related to bio-economy are vast and open. Thus, the current study aims at identifying the entrepreneurial endeavours and the innovations’ involvement in the wine industry as a specific sector of the bio-based economy in Bulgaria. The results indicate that there is a potential for the introduction of bio innovations in the wine industry as the producers are willing to implement them. However, currently there are almost no innovations related to the bio-economy and the prevailing innovations in Bulgarian wine industry are the marketing ones.


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