Volume 11, Number 2

Co-Evolutionary Coupling Via A Digital-Bio Ecosystem – A Suggestion for A New R&D Model
in the Digital Economy

  Authors

Nasir Naveed¹, Chihiro Watanabe^1,2 and Pekka Neittaanmäki¹, ¹University of Jyväskylä, Finland and ²International Institute for Applied Systems Analysis (IIASA), Austria

  Abstract

Driven by digital solutions, the bioeconomy has taken major steps forward in recent years toward achievement of the long-lasting goal of transition from a traditional fossil economy to a circular economy. The coupling of digitalization and the bioeconomy is leading toward a digitalized bioeconomy that can satisfy a shift in people’s preferences for eco-consciousness, which in turn induces coupling of up-down stream operation in the value chain.

This dual couplings has led to a new R&D model that absorbs external innovation resources from a broad value chain and assimilates them into various entities.

In light of the increasing significance of such a new R&D model that may avoid the dilemma between R&D expansion and productivity decline, this paper elucidated dynamism enabling dual couplings.

An empirical analysis of global forest-based bioeconomy firms was conducted, thereby providing an insightful suggestion with respect to dynamism emerging from a new R&D model.

  Keywords

Co-evolutionary coupling, digitalized bioeconomy, R&D model, circular economy, UPM