Business Plans for the Shikifactory100 Project

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NNFCC is tasked with producing business plans for the most promising results of the Shikifactory100 project. Here we describe the key elements required for a business plan.

The novel biobased product industry is growing, but small and largely under development. There are barriers to their uptake, from feedstock sourcing concerns, consumer preferences, regulatory issues and competition with traditional products as well as other novel products. As such, robust business plans are key to making a business succeed in the long-run.

A business plan is a detailed document, essentially describing the business opportunity and the method for achieving it. 

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This article was written by Polly-Ann Hanson, Research Analyst at NNFCC.

For more information about the ShikiFactory100 project, click here, or visit the project's website here.

This project has received funding from the European Union's Horizon 2020 research and innovation programme under grant agreement number 814408.

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