Project 2

Sections 1 and 3 Student’s Name Institutional Affiliation Section 1: Background Information 1 Concept * The Concept: This business venture focuses on creating biodegradable packaging solutions for industries like logistics, retail, and food. * Solution: The biodegradable packaging materials decompose naturally, which will help to reduce the environmental pollution and impacts associated with the use of plastics (Sapuan & Ilyas, 2021). * Origin: The idea originated from the multiple concerns arising from the pollution caused by conventional plastic packages. * Market Opportunity: There is a growing consumer demand for environmentally friendly packages. * Impacts: The solutions provided by the bags are compelling because the need to intervene and protect the environment from pollution is urgent. * A Better Place: The bags minimize pollution, conserve natural resources, and support the circular economy (Sapuan & Ilyas, 2021). * Experience: The stakeholders have had a first-hand experience of the challenges that companies and consumers face as they transition into environmentally-friendly products. * Patenting: Emphasis will be put on patenting innovations in materials and the associated proprietary research. * Techn...