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 Watanabe1,2 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