Project description
Platform promoting recycling and circular economies
Recycling and circular economy models have been considered essential for protecting Earth and addressing climate change. That has resulted an increased demand for solutions that facilitate their creation and implementation. The EU-funded RECYSMART project is introducing one such solution. Its innovative platform assists the development of intuitive and scalable technology solutions that allow new users to impact waste management on a global level. The platform deals with issues which impact recycling rates, such as a lack of incentives, inefficient collection, passive citizen roles, and the economics of changing from landfill use to recycling options. Thanks to these options the creation of efficient, greener waste management and circular economies is made possible.
Objective
ReCircula Solutions has created a platform for the creation of intelligent and easily scalable technological solutions that provide an accessible space for the different actors involved in waste management and who can improve the sector at a global level. This technology will solve main current problems related to the low packaging recycling rates: the lack of incentives (developing an incentive system), the citizens passive role (through interactive touch screen and gaming), the inefficient collection routes (optimizing itineraries), the lack of information (increasing the amount of data available by citizen and package recognition), the economic issue (changing the current expensive landfilling practice to selling this valuable materials for recycling, and increasing their quality and quantity) and the environmental issue (reducing carbon footprint and landfilling)
ReCircula Solutions is a Spanish company, managed by an experienced team of professionals with business, financial and technical profiles. Since 2015, we have researched and manufactured the optimal waste management solution. We plan to launch RecySmart to the market and we seek to further develop it to a market-ready product.
We will use Phase 1 to develop and implement a structured business plan, which allows broad penetration of an innovative packaging smart container system connected with a big data platform to increase packaging recycling rates and boost circular economy. Subsequently, Phase 2 will centre on the activities needed to upscale and launch the process. The overall plan is to commercialize RecySmart across Europe with a direct sales business model.
By 2025 there will be 22 people employed directly in Recysmart, with many more employed indirectly, both within the company, their suppliers and the manufacturing companies. Considering total project costs of €1 million, by 2025, the project earns a net present value of over 2M€ and an internal rate of return of 45%.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- engineering and technology environmental engineering waste management waste treatment processes recycling
- natural sciences computer and information sciences data science big data
- social sciences economics and business business and management business models
- social sciences economics and business economics sustainable economy
- social sciences political sciences public administration
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs
MAIN PROGRAMME
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H2020-EU.3. - PRIORITY 'Societal challenges
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H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies
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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.
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.
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.
SME-1 - SME instrument phase 1
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-EIC-SMEInst-2018-2020
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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.
08006 BARCELONA
Spain
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
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.