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Entrepreneurial Opportunities In Bioenergy

Entrepreneurial Opportunities In Bioenergy
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Author(s): Prashant Kumar (Department of Bioinformatics, Kalinga University, Raipur, India) and Sunil Kumar Verma (B.N. College of Engineering and Technology, Lucknow, India)
Copyright: 2023
Pages: 12
Source title: Biomass and Bioenergy Solutions for Climate Change Mitigation and Sustainability
Source Author(s)/Editor(s): Ashok Kumar Rathoure (M/s Akone Services, India) and Shankar Mukundrao Khade (Ajeenkya D.Y. Patil University, India)
DOI: 10.4018/978-1-6684-5269-1.ch003

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Abstract

Entrepreneurism is vital as entrepreneurs push technological change and innovation, consequently generating economic growth. Bio-energy entrepreneurism is the focal point of this chapter, along with entrepreneurial motivations, opportunities, and market drivers. Market drivers include government policies, trends in energy use, and progression of the energy sector into more renewables. Several factors influence entrepreneurs, which involves several factors ranging from the environment to economics, pioneering spirit, and social factors. With the help of entrepreneurial motivations and market drivers, individuals can easily visualize and plan all the bio-energy sector opportunities. Bio-energy entrepreneurs moderate the market of transformation of biomass to energy. The bio-energy field is filled with stories of failures, successes, and everything in between. There is a marginal difference between a failure story and a success story in the modern bio-energy sector, which narrow down to timing.

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