The European Union and the Bio-based Industries Consortium (BIC) have officially launched the Circular Bio-based Europe CBE JU program, the successor program to BBI, Bio-based Industries. Over the past year, leaders of the Bioeconomy Working Group have followed the development of the partnership through discussions with both the BBI JU program office and representatives of the Bio-based Industries Consortium.
The European Commission will invest €1 billion in the CBE partnership, which will be distributed in the form of grants. Of the €1 billion, 80% will be dedicated to innovation actions such as demonstration and key, and 20% to research and innovation actions. The biobased industry has committed to spend €1 billion on projects through "in-kind contributions" and additional activities.
The CBE JU program, exactly like its predecessor BBI JU, fits into the Horizon program and follows its participation/funding rules.
The first call for projects will be launched in spring with a deadline in 2022.
We remind you that the participation of industrial sector players in these projects is crucial.
For more information, click here.