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Social and Technological Innovation Factory for Low-Carbon and Circular Industrial Value Chains

Project description

Increasing circularity and social innovation in European manufacturing

The EU-funded SoTecIn Factory project will bring together a community of mission-oriented innovators with the aim of supporting social entrepreneurs in increasing the circularity of key product value chains and promoting social innovation culture in European manufacturing businesses. The project will deliver financial and capacity-building support to 50 social innovations and 30 mission-oriented pre-market demonstration projects, improving the circularity of the seven key product value chains as defined by the EU Circular Economy Action Plan. Moreover, these demonstrators will aim for higher-value circular economy strategies such as reuse, repair, refurbish and re-manufacture. Furthermore, SoTecIn Factory will support a multi-stakeholder, transnational Community, led by 7 Regional Hubs, in designing and stewarding value chain-based missions and , delivering real-life industry challenges.

Objective

The SoTecIn Factory - Social and Technological Innovation Factory for Low-Carbon and Circular Industrial Value Chains - goal is to connect industry with society in a community of mission-oriented social innovators, to support social entrepreneurs in their drive to increase the circularity of key product value chains, and to promote a culture of social innovation in European manufacturing businesses. The SoTecIn Factory serves the EU priority ?A European green deal? and its European industrial strategy by giving financial and capacity-building support to social innovations that improve the circularity of the seven key product value chains, as defined by the EU Circular Economy Action Plan. It supports systemic transformation towards restructuring value chains to be low-carbon and circular, by implementing higher value circular economy strategies, i.e. reuse, repair, refurbish and remanufacture. Specifically, the SoTecIn Factory will support 40 mission-oriented social entrepreneurs with services regarding governance (through the creation of stewardship councils for each innovation), business model, capacity-building, fund-raising and exploitation, and 30 mission-oriented pre-market demonstration projects.

Coordinator

INESC TEC - INSTITUTO DE ENGENHARIADE SISTEMAS E COMPUTADORES, TECNOLOGIA E CIENCIA
Net EU contribution
€ 368 125,00
Address
RUA DR ROBERTO FRIAS CAMPUS DA FEUP
4200 465 Porto
Portugal

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Region
Continente Norte Área Metropolitana do Porto
Activity type
Research Organisations
Links
Total cost
€ 368 125,00

Participants (13)