The Role of Entrepreneurial Clusters in Advancing Circular Bioeconomy and Innovation: A Case Study from Romania

Boglárka Vajda (), Gabriela Drăgan, Lajos Vajda, Mária-Magdolna Gáspár and Miklós Levente Bagoly
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Boglárka Vajda: Faculty of International Business and Economics, The Bucharest University of Economic Studies, Piața Romană 6, 010374 Bucharest, Romania
Gabriela Drăgan: Faculty of International Business and Economics, The Bucharest University of Economic Studies, Piața Romană 6, 010374 Bucharest, Romania
Lajos Vajda: Asociatia Green Energy, Asociatia Asimcov, Presei 4, 520064 Sfantu Gheorghe, Romania
Mária-Magdolna Gáspár: Asociatia Green Energy, Asociatia Asimcov, Presei 4, 520064 Sfantu Gheorghe, Romania
Miklós Levente Bagoly: Asociatia Green Energy, Asociatia Asimcov, Presei 4, 520064 Sfantu Gheorghe, Romania

Sustainability, 2025, vol. 17, issue 9, 1-23

Abstract: This paper explores how bioeconomy-specialized clusters function as systemic intermediaries that support innovation, coordination, and business transformation in the transition to a circular bioeconomy. Using a qualitative case study methodology, we analyze how bioclusters in Romania enable SME development, knowledge transfer, and cross-sector innovation, ultimately strengthening regional entrepreneurial ecosystems. Findings highlight the role of clusters in supporting innovation management, access to financing, and policy alignment in the transition toward a circular bioeconomy. By fostering entrepreneurial networks, facilitating skill development, and supporting SME-driven innovation, clusters act as catalysts for inclusive and resilient business growth. This study highlights how clusters create an enabling environment by providing access to financing, technology, and market expansion opportunities. Although focused on a specific regional biocluster ecosystem, the findings underscore the scalability and replicability of this model across Europe, reinforcing its contribution to entrepreneurship, innovation, and regional economic development. This study contributes to the literature on entrepreneurial ecosystems and circular bioeconomy governance, emphasizing the role of clusters as intermediary organizations that facilitate business-led sustainability transitions. The findings offer practical insights for policymakers, industry leaders, and researchers, outlining strategies to strengthen cluster-based innovation, enhance SME competitiveness, and embed circular practices into national and regional bioeconomy strategies. This paper’s added value lies in combining the Technological Innovation Systems (TIS) framework with empirical evidence from Romanian clusters—a context underexplored in current literature on circular bioeconomy transitions.

Keywords: circular; bioeconomy; cluster; networking; innovation; intermediaries (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2025
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