1 C
Bucharest
December 2, 2020
BUSINESS

Biowave: European innovation project with Romanian participation

Technosam SRL (Romania) is one of the companies taking part in the Biowave project that will receive total financing of EUR 1.36 M through the Horizon 2020 programme. The project, developed in partnership with companies from Ireland, France and United Kingdom, plans to develop an innovative integrated system for microwave pre-treatment for the efficient generation of biogas from pig farm waste. This is a technology that will contribute to the devising of a sustainable waste management system.
Carlos Moedas, the European Commissioner for research, science and innovation, stated: “In Europe we have to encourage innovative ideas and to transform many of them into facts. Today we are offering top innovative enterprises a head start in the race for market, by facilitating rapid access to funds worth EUR 36 M.”
Biowave is one of the 16 projects identified by the European Commission and having as a goal the acceleration of the entry of innovative ideas on the market. The total financing offered to these projects is EUR 36 M, with a maximum budget per project of EUR 3 M, and comes from the Rapid Financial Scheme for Innovations.
The rapid financing scheme for innovations is a pilot measure for promoting innovative activities that have reached the “pre-market launch” stage, activities whose efficiency has been already tested and demonstrated. The financing activities include system validation in real working conditions, testing, pilot projects, the validation of business models, as well as research for the establishment of standards.
It works on the principle of an open call for projects with intermediary filing deadlines. The next deadline is December 1.
The scheme was launched in January 2015. No fewer than 269 proposals have been received by the time of the first deadline (April 29), 50 per cent of which came from SMEs.

Related posts

INS: Most employes work in industry sector, the main business – trade

Nine O' Clock

AXA Group no longer sells operations in Romania

Nine O' Clock

Romanian economy needs German investments

Nine O' Clock