Businesses help the economy and communities. They can also lead the way in environmental sustainability. At CCRES we see businesses as vital to efforts to improve coastal ecosystems.
Together with our partners at the pilot sites of El Nido and Selayar, the Component II business team is seeking to encourage entrepreneurs who can work in harmony with the environment and increase the wellbeing of the community.
The team is creating a framework to turn ideas into positive commercial and environmental outcomes. It aims to build local capacity in innovation, and assist the development of businesses that create sustainable livelihoods.
A key part of the framework is the CCRES Eco-Biz Challenge - a business idea competition aimed at identifying local entrepreneurs and providing them with support to develop their eco-friendly business ideas into successful businesses. The hope is to benefit both local economy, the community and the environment.
In El Nido, the competition will be linked to encouraging business ideas that address four key environmental issues identified as part of the CCRES systems analysis work - food insecurity, fish catch decline, deteriorating water quality, and loss of mangroves. Central to the framework are a three-day commercialisation workshop to assess the viability of ideas and develop key skills for new entrepreneurs and to build local economic development support to increase the likelihood of their success.
Finalists will be selected on the merit of their idea which must have a positive impact on the environment and be commercially viable. Successful applicants will have the opportunity to:
The Eco-Biz Challenge is set to start soon in El Nido, and later in the year in Selayar.
“Our hope is that over the next 12 months, several of the businesses will start to emerge,” says Andy Harvey, from the University of Queensland Business School.
“Momentum will be gained as people create and see the opportunities around the environment and developing business that support the environment.”
For more information contact Andy Harvey.