Ecopreneur Meaning
Ecopreneur is an entrepreneur whose efforts are to solve environmental problems and build a truly sustainable business that contributes to their community.
They use an innovative market-based approach to identify opportunities, create environmentally-friendly products and services, and capitalize upon them in the private sector for profit.
The term began to be widely used in the 1990s, and it is otherwise referred to as “environmental entrepreneurship”.
Market report: Environmental Entrepreneurship: Markets Meet the Environment in Unexpected Places
Industry Trends For Ecopreneur
There is a great opportunity for new green business start-up ideas. The sustainable items market is expected to grow from $8.7 billion in 2019 to $28.9 billion by 2024 – so demand is only heating up! Here are a few startup ideas to inspire you to become an ecopreneur.
- Upcycling and refurbishing furniture to reduce the amount of discarded materials and waste being added to landfills each year. Also, a way to celebrate artisanal work and old-school craftsmanship and support local and rural industry.
- Starting an organic garden or food stand. If you love gardening then the best way to achieve that is by turning your hobby into something profitable. There are a lot of opportunities in this segment.
- Organic flower growing has become more than just a fad now.
- Selling plants is something that is already popular, but selling seeds is something that not a lot of businesses do.
- Selling culinary herbs. Both dried and fresh ones are needed for making a delicious recipe.
- Medicinal herbs, people often look for which you can add to your already established organic garden and sell them.
- Organic tea blends are yet another popular and people are certainly going to want to try them for their healing properties.
- Fresh organic vegetables and fruits produce.
- With the legality of cannabis being prophesized all over the world now, there are more opportunities for people actually make a business out of it. Cannabis growing is very profitable and you can use its popularity to your advantage and organize your own business.
- Hydroponic farming is highly profitable. It is an example of high yield just in a small place in any season or weather condition. … It is the first method of doing soil-less farming/cultivation.
- Creating and selling locally-sourced products at farmer’s markets. 10 Kinds Of Products You Can Sell At A Farmers’ Market
- Organic Produce Seasonal local fruits and vegetables
- Home-baked goods
- Flowers, Plants & Seedlings
- Honey, Jaggery, Ghee
- Soap & Skincare Products
- Health Beverages
- Arts & Crafts
- Other Unique Goods made with eco-friendly sustainable materials
- Compost and Food Waste Recycling
- Biodegradable, Reusable, and Eco-friendly Consumer Products
- Refurbishing electronics that would otherwise be thrown away
How To Promote A Home Baking Business
ECOPRENEURSHIP
Some of the world’s most well-known business magnates are ecopreneurs. Elon Musk is probably the greatest example of a green business celebrity. As Elon Musk becomes more and more of a household name, electric vehicle sales continue to rise home and solar panels are lining more roofs. He got his start in a 90s software startup that was not ultimately related to sustainability, but it’s clear from his ambitious business ventures that human sustainability has been his primary concern since at least his college years.
Five Indian Women Ecopreneurs Who Inspire You To Go Green
- Priyanka Sharma, Founder of Grow Green Happiness
- Priyanka Amar Shah, Founder of iKheti
- Preeti Narula, Founder of Living Balconies
- Diipti Jhingiani, Founder of Let’s Be Outdoorsy
- Mansi Shah, Founder of GiftGreen
India’s Top Companies for Sustainability and CSR
- Wipro Ltd.
- Tata Chemicals Ltd.
- ITC Ltd.
- Jubilant Life Sciences Ltd.
- Grasim Industries Ltd.
- Vedanta Ltd.
- Tata Power Company Ltd.
- JSW Steel Ltd.
Meet six ecopreneurs who opted out of the corporate rat race