Indicator
A circular start-up, is an early stage venture aiming to contribute to the circular economy. Start-ups generally aim at developping and validating a scalable business model. They are often innovative, associated with technological advancement and have high-risk, high-reward potential.
This indicator looks specifically at the share of CE start-ups, that have the potential (ambition and/or conditions) to move their operations to the port area in the mid to long-term future. The port area is defined as the geographical territory managed by the Port Management Body (PMB).
How to measure its value
Calculation: # of circular start-ups with moving potential/ total # of total number of circular start-ups in the region *100
Unit: %
Data can be aquired from start-up incubators, accelerators and Port Managing Bodies (PMBs).
A start-up incubator or accelerator is a collaborative program designed to help early-stage entrepreneurs develop their businesses by providing essential services, such as workspace, mentoring, training and networking opportunities. They typically focus on refining business models, achieving initial market viability an offer support for 1-3 years.
The region is defined as the broader port cluster.
Limitations
- Start-ups in general tend to upscale to a location close to the defined port area, rather than within it; or integrate within the existing port ecosystem through collaborations or aquisition. This might lead to an underestimation of the indicator measurement and the impact of circular start-ups.
- It is difficult to quantify the future potential of Circular start-ups and thus obtain correct data for this indicator. Closer collabortation with regional incubators and accelerators could improve this in future.
