Act&Sorb’s attracts additional investment for upscaling of their unique solution
ABSTRACT – Act&Sorb, the Belgian company supported by EIT InnoEnergy, and developers of a unique upcycling solution that addresses the continuously growing problem of fiberboard waste Has received additional funding from H2020 SME instrument Phase 1. The € 50.000 grant will be used for the further in depth feasibility analysis and the application towards phase 2 unlocking additional funding and further commercializing Act&Sorb’s solution.
Traditionally wood is used as raw material for several applications. And for many years wood has been perceived as abundantly available. But nothing is further from the truth. The rate in which we use wood is much faster than the pace it takes for it to grow. Simply put demand is higher than availability. And demand will continue to increase steadily.
It is expected that the demand for wood, for the production of bio-products and energy will triple between now and 2050. There is a poignant need for upcycling solutions.
“This is exactly what we do” says Managing Director Kenny Vanreppelen.” We have developed the world’s first upcycling solution for fibreboard waste towards a product which can be used for the purification of chemicals, water, food, etc. while producing renewable energy! We absolutely love fibreboard. It is a wonderful product, with countless applications and by adding an enhanced lifetime as a purification agent we make it even better! It’s a win-win situation. Approval of the prestigious grant with the support and coaching of Grant@vice proves the commercial readiness of our solution.”
The dedicated SME instrument is established for the support and acceleration of future European champions. The EU aims with its investments into SME innovation at accelerating company development and growth. The high quality SME instrument proposal of Act&Sorb was selected by renowned experts out of 221 submissions within the specific topic, with an overall success rate of only 5%. Act&Sorb will use the European fund to define the most suitable technical and commercial strategy (e.g. selection of best suited locations world-wide, …) and to prepare an H2020 SME instrument phase 2 application to unlock addition grants up to € 2.5 million to fully commercialize the upcycling solution.
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Note to editors:
For further information please contact managing director Dr. Ing. Kenny Vanreppelen of Act&Sorb, Mob: +32 (0) 474-533619, e-mail: firstname.lastname@example.org. Also visit: www.actandsorb.com.