Portfolio company Econic Technologies, has been awarded a Horizon 2020 SME grant amounting to €2.49million to assist with the commercialisation of its catalyst technology.
This European grant will enable the acceleration of process and downstream product development as well as scale-up activities designed to demonstrate to customers the value of Econic’s catalyst technology.
Funded by the European Union, the Horizon 2020 SME Instrument helps high-potential SMEs, supporting close-to-market activities, with the aim to give a strong boost to breakthrough innovation
Rowena Sellens, CEO Econic Technologies commented
“Econic Technologies are very grateful to Horizon 2020 for this grant award. The Horizon 2020 grant process is extremely competitive, and this award is yet another demonstration of the credibility and strength of Econic’s catalyst technology and business opportunity.
We have already begun to scope the process and product development scale-up project which will benefit hugely from this grant, both in terms of pace and breadth of relevance to our customers”.