Innovating with Nature: Factors Influencing the Success of Nature-Based Enterprises

Nature-based enterprises (NBEs) have recently emerged as important actors in the delivery of nature-based solutions (NBS) to societal challenges, but little is known about the context in which they operate and the factors influencing their development. The empirical research undertaken in this study...

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Autores principales:	Siobhan McQuaid, Esmee D. Kooijman, Mary-Lee Rhodes, Sheila M. Cannon
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	nature-based enterprise nature-based economy nature-based solutions environmental factors barriers and enablers Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
Acceso en línea:	https://doaj.org/article/be153e1b14e04a96a750f78f07d47f15
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spelling	oai:doaj.org-article:be153e1b14e04a96a750f78f07d47f152021-11-25T19:01:30ZInnovating with Nature: Factors Influencing the Success of Nature-Based Enterprises10.3390/su1322124882071-1050https://doaj.org/article/be153e1b14e04a96a750f78f07d47f152021-11-01T00:00:00Zhttps://www.mdpi.com/2071-1050/13/22/12488https://doaj.org/toc/2071-1050Nature-based enterprises (NBEs) have recently emerged as important actors in the delivery of nature-based solutions (NBS) to societal challenges, but little is known about the context in which they operate and the factors influencing their development. The empirical research undertaken in this study provides a first insight into the most significant barriers and enablers nature-based enterprises face in their external environment. Findings were drawn from a review of literature triangulated with a survey of 148 nature-based enterprises and interviews with the founders/CEOs of 22 NBEs. Political factors were identified as the most significant external influence, with increased awareness and incorporation of NBS into relevant policies and economic instruments seen to play a significant role in market development. Conversely, policy inconsistencies and poorly designed public procurement approaches present significant challenges. Other key influencing factors relate to financing (both public and private), lack of industry standards and impact measurement. Industry networking and access to education, training and skill development emerged as key enablers, with university collaborations highly regarded. Further in-depth research is recommended to explore indications of disparities in the levels of awareness, financing, and skills gaps across different regions of Europe and different nature-based economic activities.Siobhan McQuaidEsmee D. KooijmanMary-Lee RhodesSheila M. CannonMDPI AGarticlenature-based enterprisenature-based economynature-based solutionsenvironmental factorsbarriers and enablersEnvironmental effects of industries and plantsTD194-195Renewable energy sourcesTJ807-830Environmental sciencesGE1-350ENSustainability, Vol 13, Iss 12488, p 12488 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	nature-based enterprise nature-based economy nature-based solutions environmental factors barriers and enablers Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
spellingShingle	nature-based enterprise nature-based economy nature-based solutions environmental factors barriers and enablers Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350 Siobhan McQuaid Esmee D. Kooijman Mary-Lee Rhodes Sheila M. Cannon Innovating with Nature: Factors Influencing the Success of Nature-Based Enterprises
description	Nature-based enterprises (NBEs) have recently emerged as important actors in the delivery of nature-based solutions (NBS) to societal challenges, but little is known about the context in which they operate and the factors influencing their development. The empirical research undertaken in this study provides a first insight into the most significant barriers and enablers nature-based enterprises face in their external environment. Findings were drawn from a review of literature triangulated with a survey of 148 nature-based enterprises and interviews with the founders/CEOs of 22 NBEs. Political factors were identified as the most significant external influence, with increased awareness and incorporation of NBS into relevant policies and economic instruments seen to play a significant role in market development. Conversely, policy inconsistencies and poorly designed public procurement approaches present significant challenges. Other key influencing factors relate to financing (both public and private), lack of industry standards and impact measurement. Industry networking and access to education, training and skill development emerged as key enablers, with university collaborations highly regarded. Further in-depth research is recommended to explore indications of disparities in the levels of awareness, financing, and skills gaps across different regions of Europe and different nature-based economic activities.
format	article
author	Siobhan McQuaid Esmee D. Kooijman Mary-Lee Rhodes Sheila M. Cannon
author_facet	Siobhan McQuaid Esmee D. Kooijman Mary-Lee Rhodes Sheila M. Cannon
author_sort	Siobhan McQuaid
title	Innovating with Nature: Factors Influencing the Success of Nature-Based Enterprises
title_short	Innovating with Nature: Factors Influencing the Success of Nature-Based Enterprises
title_full	Innovating with Nature: Factors Influencing the Success of Nature-Based Enterprises
title_fullStr	Innovating with Nature: Factors Influencing the Success of Nature-Based Enterprises
title_full_unstemmed	Innovating with Nature: Factors Influencing the Success of Nature-Based Enterprises
title_sort	innovating with nature: factors influencing the success of nature-based enterprises
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/be153e1b14e04a96a750f78f07d47f15
work_keys_str_mv	AT siobhanmcquaid innovatingwithnaturefactorsinfluencingthesuccessofnaturebasedenterprises AT esmeedkooijman innovatingwithnaturefactorsinfluencingthesuccessofnaturebasedenterprises AT maryleerhodes innovatingwithnaturefactorsinfluencingthesuccessofnaturebasedenterprises AT sheilamcannon innovatingwithnaturefactorsinfluencingthesuccessofnaturebasedenterprises
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Innovating with Nature: Factors Influencing the Success of Nature-Based Enterprises

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