EC launches 6.2 million euro project “Bio Base NEW” to drive bio-based economy
The European Commission has launched a new three-year project “Bio Base NWE” to support the development of the bio-based economy in North West Europe (NWE).The 6.2 million euro project will work mainly with small and medium businesses (SME’s) to help facilitate innovation and business development in bio-based technologies.
Bio Base NWE will also provide training and education to help tackle the shortage of skilled professionals in North West Europe’s bio-based industries. The Bio Base NWE partnership includes organizations from five different countries.
Dr Lieve Hoflack, Manager of the Bio Base NWE project, said, “SME’s have a vital role to play in Europe’s journey towards the bio-based economy, which could be worth more than 2 trillion euros to the European economy by 2020.””Bio-based products are a growing area of interest for SME’s working in chemical industry, agro-industry, plastics, fuels, food, and textile and pharmaceutical industry. However, many SME’s find it difficult to bridge the gap between newly developed research and the commercial market,” she adds.
The Bio Base NWE network, representing many bio-based economy experts, will advise SME’s from across North West Europe on how to develop new ideas into marketable products. SME’s can get financial support to demonstrate innovative bio-based technologies at an independent demonstration facility in Ghent, Belgium. This flexible pilot plant will selectively invest in equipment for promising technologies to promote further growth.
The partnership will also develop and deliver programs and tools for training skilled professionals for bio-based industries.Bio Base North West Europe is 50% funded by the European Regional Development Fund, through the INTERREG IVB North West Europe Program.