The project’s support to the European SMEs with a total value of €4.2 million will offer €1.4 million direct vouchers to companies (to be spent on technology implementation) and €2.8 million in additional services.
24 SMEs will be awarded access to the ‘Circularity Programme’ - an acceleration program lasting up to 9 months with up to €60k vouchers and dedicated services from high level Designers-in-Residence and top business professionals (mentors) who will guide them along the program to design new, circularity solutions.
Further 42 SMEs will be selected for the ‘Value Chain Replication Program’, obtaining €15k to create circular feasibility plans. This program will last for 3 months.
The project will leverage €6 million of complementary funding for selected SMEs.