£5.3m project to help UK SMEs drive growth in bio-based technologies
The project will support SMEs aiming to develop bio-based technologies into marketable products
The European Commission has launched a new €6.2 million (£5.35m) three-year project aimed at helping UK SMEs to develop bio-based technologies, it was announced today.
Traditionally bio-based products are defined as products that reduce the use of non-renewable resources by integrating renewable ingredients or by improving energy efficiency.
Bio Base NWE will provide training and education to help tackle the shortage of skilled professionals in North West Europe’s bio-based industries.
The project, which will help SMEs develop new ideas into marketable products, is partnering with organisations from five different countries including the UK-based National Non-Food Crops Centre (NNFCC).
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 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, textile and pharma industry. However, many SME’s find it difficult to bridge the gap between newly developed research and the commercial market,” she adds.
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Ross Dempsey, 15/04/2013