Seeing and Being Green – Trends for Budding Entrepreneurs to Consider

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As part of Small BusinessWeek 2012 and the opening of the new Navigate Entrepreneurship Centre at Memorial University-Grenfell Campus, staff at Navigate has prepared a series of information sheets on entrepreneurship and small business ownership. Seeing and Being Green – Trends for Budding Entrepreneurs to Consider, is the third article of this series.

Seeing and Being Green –  Trends for Budding Entrepreneurs to Consider (by Erika Parrill)

(An initiative of Memorial University-Grenfell Campus and the College of the North Atlantic-Corner Brook)

Green technology – Green products and green energy: It seems that everywhere you look these days, you are seeing green. Many of us are now recognizing that eco-friendly technologies and their usage are changing how we eat, shop, choose employment, live and think. They are changing who and what we invest our time and money in, and are creating a green consciousness. But how’s business these days? I’m glad you asked.

One of Navigate’s main focuses is to help foster the development and recognition of the environmental innovation cluster in Western Newfoundland and Labrador. Naturally, Navigate is here to help dish out some of the current trends in green business for you budding entrepreneurs. Here are some of the red-hot trends in green business:

  • Solar energy: There are noteworthy opportunities for “value-added resellers” and it is predicted by many that solar electricity in the upcoming decades will continue to grow.
  • Wind power: Significant growth in small-scale wind markets offers great breakthrough opportunities for entrepreneurial start-ups.
  • Green buildings: From changing the type of light bulbs to designing energy-efficient commercial buildings, there are considerable opportunities for entrepreneurs and consultants alike.
  • Water filtration: Entrepreneurs may want to look into ways of altering different sections of this trend’s value chain – such as water filtration installation or financing.

There are heaps of innovative companies, investors and governments around the world jumping on these green trends. Now is your time to join them. And Navigate is here to help.

(Erika Parrill resides in Pasadena, NL. She is currently completing her Masters in Environmental Policy at Memorial University’s Grenfell Campus in Corner Brook, NL. She’d like to thank Ron Pernick and Clint Wilder’s book “the Clean Tech Revolution” for inspiriting her blog and would suggest entrepreneurs in Western Newfoundland to check it out.)

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