Opinion

Portugal on the path to a blue bioeconomy: commitment and collaboration

Ana Rita Barros

Innovation and Project Manager

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Portugal on the path to a blue bioeconomy: commitment and collaboration

Ana Rita Barros , Innovation and Project Manager

December 20, 2023

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Portugal is facing a unique opportunity to develop its maritime economy and, in particular, its blue bioeconomy. I am referring specifically to the mechanisms that have been made available to companies, namely the Mar 2030 and Compete 2030 programs, which are part of Portugal 2030, with funding from various European funds.

This gives Portugal the opportunity to position itself in the areas of innovation and sustainable development, thereby increasing its economic competitiveness. The two programs currently comprise more than 20 funding competitions, with over €170 million available for investment in areas such as sustainable fishing, sustainable aquaculture, protection and restoration of marine ecosystems, and marine-related innovation.

But while funding amounts are important, the impetus to achieve the objectives lies in cooperation between companies, research centers, and collaborative initiatives such as B2E CoLAB. A collaborative network is essential to go beyond the conventional because it broadens access to diverse resources such as funding, technology, and national and international market opportunities.

In addition to assisting with applications and providing specialized technical advice, B2E CoLAB promotes strategic partnerships between universities, research centers, and companies. Our collaboration not only offers guidance on navigating the complex regulatory landscape, but also focuses on the essential goals of each project. That is why companies looking to participate in the Mar 2030 and Compete 2030 programs can find a strategic partner in B2E CoLAB. By assisting in the analysis of legal requirements, identifying potential collaborations, and supporting project implementation, B2E CoLAB acts as an important catalyst for innovation.

Portugal undoubtedly wants to move towards a more sustainable and innovative future in the blue bioeconomy, but also to gain competitiveness and economic robustness in this sector. Let’s work together to achieve these goals.

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