Bio-based Industries Consortium launches database for regional funding information and opportunities for bio-based projects; search function will make it easier for companies, startups to find funding support to scale up bio-base innovation

Sample article from our Bioeconomy

BRUSSELS , May 24, 2022 (press release) –

 

 

Companies and start-ups looking for financial support for scaling up bio-based innovation can find it difficult to find information on regional funding. The regions are important players when it comes to fostering the bioeconomy.

Since its foundation, BIC has been working together with regions in various ways. A main objective of BIC is to bridge the gap between bio-based investment opportunities and financial incentives at regional level. A major milestone in reaching that objective was the creation of BIC’s regional platform in 2020, to better connect industry members with European regions. 

Now, and complementary to the regional platform, BIC is launching a database, that includes a search tool, for regional funding information and opportunities for bio-based projects. 

There are two main benefits of the new BIC database. The search function will make it easier for companies to find regional funding opportunities. For regions, the database can facilitate peer learning and policy exchange on funding programmes between the regional members.

“This database is the next step in the new pillar of activities that BIC is developing for its members: improve access to finance and facilitate investments. A good collaboration with regions is crucial to stimulate investments in local innovative value chains in Europe,” explains BIC CEO, Dirk Carrez.

Funding information for the database was collected from the regions via direct contact, interviews and desk research. The focus of the database is on funding for advanced projects in the bioeconomy (at least technology readiness level 7 i.e. demonstration in operational environment or higher). BIC will update the database twice a year. The next update is in September 2022.

For further information on the BIC search tool and/or the BIC regional funding platform, and to test them, please contact: marco@biconsortium.eu

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