1. THE ROLE OF ENVIRONMENTALLY ORIENTED START-UPS IN THE TRANSFORMATION OF TRADITIONAL SECTORS OF THE ECONOMY.
- Author
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Dobrynina, Maria, Rastimeshina, Tatiana, Andreeva, Alexandra, and Akoeva, Madina
- Subjects
NEW business enterprises ,SUSTAINABLE development ,CIRCULAR economy - Abstract
This paper delves into the significant role that environmentally oriented start-ups play in transforming traditional sectors of the economy. As the world grapples with pressing environmental challenges such as climate change, resource depletion, and biodiversity loss, these innovative enterprises are emerging as vital agents of change. The study investigates how these start-ups disrupt conventional business models by implementing sustainable practices, enhancing resource efficiency, and promoting the principles of the circular economy. By harnessing cutting-edge technologies and innovative approaches, environmentally focused startups contribute to a range of economic activities that prioritize sustainability. They challenge traditional industry norms by offering greener alternatives, optimizing supply chains, and minimizing waste. This paper also explores case studies that exemplify the successful integration of sustainable practices into sectors such as agriculture, manufacturing, and energy, showcasing how these start-ups not only address environmental issues but also create economic opportunities and stimulate job growth. Furthermore, the findings emphasize the importance of supportive policies, regulatory frameworks, and collaborative ecosystems in nurturing the growth of these start-ups. The paper advocates for the establishment of partnerships between governments, established businesses, and start-ups to create an environment conducive to innovation and sustainability. By fostering collaboration, these stakeholders can ensure that environmentally oriented start-ups are equipped to make a meaningful contribution to the transition towards a green economy. [ABSTRACT FROM AUTHOR]
- Published
- 2024