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The BLOSSOM Innovative Approach based on Bankable Transformative Climate Solutions in order to Improve Sustainable Climate Adaptation and Mitigation Measures

Objective

BLOSSOM introduces a systemic approach that links public authorities (cities-regions) with private partners (e.g. banks, insurance companies and venture capitals) to cope with the disconnections and gaps related to the adoption of bankable transformative adaptation and mitigation measures. Starting from the Communities of Practice, we will set up Living Labs, i.e. collaborative environments in which citizens, experts and other stakeholders will have the possibility to test and hone the methodology and the technologies. Innovative financing and investing schemes will be tested and assessed for the adoption of the most promising bankable solutions. BLOSSOM will follow already proven co-creation/design processes (including local communities), as well as the adoption and further adjustment of technologies that use data and collective intelligence to perform ex-ante simulation on-going and ex-post assessment in collaborative environments (digital twins and dashboards). By using AI-based tools a draft business model including a visual chart with elements describing the value proposition, infrastructure, customers, and financial elements of each investing scheme will be generated, also identifying the best exploitation form based on the nature of the results and ownership structure (e.g. creation of spin-offs, products producing and selling, licensing of products/services, patenting, etc.). Once the best business model has been selected, a preliminary Business Plan will be developed with the industrial partners being the main contributors. The bankable solutions will be demonstrated in our Front Runner Cities (Birmingham, Lisbon and Kielce), which will test the methodology and make it available for replication up to the planning stage in the Replicating case studies (Regions of West-Vlaanderen and Alentejo, and cities of Parma and Aarhus.

Keywords

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Programme(s)

Multi-annual funding programmes that define the EU’s priorities for research and innovation.

Topic(s)

Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.

Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

HORIZON-IA - HORIZON Innovation Actions

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) HORIZON-MISS-2024-CLIMA-01

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Coordinator

THE LISBON COUNCIL FOR ECONOMIC COMPETITIVENESS ASBL
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 1 280 381,25
Address
RUE DE LA LOI 155 RESIDENCE PALACE IPC
1040 Bruxelles / Brussel
Belgium

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Region
Région de Bruxelles-Capitale/Brussels Hoofdstedelijk Gewest Région de Bruxelles-Capitale/ Brussels Hoofdstedelijk Gewest Arr. de Bruxelles-Capitale/Arr. Brussel-Hoofdstad
Activity type
Other
Links
Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 1 280 381,25

Participants (21)

Partners (3)

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