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“Mobilizing financial investment into bioeconomy related innovation in the Central and Eastern European countries. Financing bioeconomy projects - Adding value to primary production” on 15 November 2021 from 9:00-12:00 CET
The Central-Eastern European Initiative for Knowledge-based Agriculture, Aquaculture and Forestry in the Bioeconomy – BIOEAST – offers a shared strategic research and innovation framework, which aims at working towards sustainable bioeconomies in the Central and Eastern European (CEE) countries.
The BIOEAST Initiative under the patronage of Hungarian Visegrad Group Presidency organizes an online workshop and panel discussion on funding opportunities by means of financial instruments.
Depending on the TRL of bioeconomy applications, the financing of projects is crucial, since the market access risks are high. The progress of sustainable and circular bioeconomy on the margins of fossil-based economy still has lower level-playing field. Among others, two major aspects are prevailing, the new sustainable and circular applications are not yet market ready, thus still need to massively invest in research and innovation, and on the other hand, some of the running fossil-based applications are subsidized, or not taxed according their negative externalities. Thus, several sustainable applications and projects on valorising the available biomass having TRL 3-7, are stocked in the “Death Valley”. It is difficult to get funding for new innovative projects in Central and Eastern Europe where the bioeconomy related national strategies where not yet developed.
The upcoming BIOEAST workshop will be held online on 15 November 2021 from 9:00 -12:00 CET and its purpose is to provide information about financing possibilities provided by the European Circular Bioeconomy Fund (ECBF), the European Investment Bank (EIB) and the European Bank of Reconstruction and Development (EBRD), to present good examples of already financed and potential future projects as well as to facilitate cooperation between beneficiaries and investors from the BIOEAST macro-region.
More information
Link to registration: https://mailchi.mp/cb14b2ce0158/bioeconomy-innovation-investment-in-cee