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24 June 2016

Memorandum of Understanding between the Bio-based Industries Consortium and Vanguard Initiative – Bioeconomy Pilot

The Bio-based Industries Consortium (BIC) and the Vanguard Initiative – Bioeconomy Pilot have signed a Memorandum of Understanding with a triple aim: develop joint awareness raising activities, look for synergies and co-funding opportunities, and connect actors across regions and sectors along new value chains.

The document highlights that “communication and awareness raising activities are important to create a common level of understanding on the pertinence of the bioeconomy and bio-based industries for regional, national and European sustainable growth and job strategies.” By signing the memorandum, both parties agree on working together as equal partners in order to create a more favourable investment environment for bio-based industries in Europe. By connecting different actors across Europe, they want to promote the access to a larger community of end-users, share good practices and jointly address non-technological issues.

BIC is the private partner of the European Public-Private Partnership on Bio-based Industries pursuing to trigger investments and create a competitive market for bio-based products sourced locally and “Made in Europe”. The Vanguard Initiative is a European network of industrial regions that seek to speed up the market uptake of new technologies. Its Bioeconomy Pilot is one of the five thematic pilots initiated to explore opportunities for developing interregional joint-demonstration. This one focuses on bio-based value chains.

To read the Memorandum of Understanding, click here