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RECYSMART SIGNED

SMART CONTAINER AND BIG DATA PLATFORM TO INCREASE PACKAGING RECYCLING RATES AND BOOST THE CIRCULAR ECONOMY

Total Cost €

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EC-Contrib. €

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Partnership

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 RECYSMART project word cloud

Explore the words cloud of the RECYSMART project. It provides you a very rough idea of what is the project "RECYSMART" about.

quantity    manufactured    boost    economic    global    created    companies    profiles    lack    reducing    business    2m    materials    people    22    issue    commercialize    million    creation    valuable    manufacturing    recognition    recircula    circular    passive    upscale    gaming    company    total    incentive    model    intelligent    itineraries    researched    inefficient    rates    solution    smart    rate    economy    touch    citizen    optimizing    2025    incentives    subsequently    expensive    direct    return    big    market    net    selling    sales    seek    container    platform    innovative    packaging    environmental    waste    earns    ready    financial    footprint    penetration    plan    indirectly    landfilling    actors    collection    broad    internal    considering    team    structured    citizens    spanish    space    scalable    accessible    changing    2015    optimal    recycling    data    launch    centre    technological    employed    recysmart    carbon    solutions    45    quality    interactive    suppliers    managed    easily    screen    professionals    amount    connected    routes   

Project "RECYSMART" data sheet

The following table provides information about the project.

Coordinator
RE-CIRCULA SOLUTIONS SL 

Organization address
address: CALLE BRUSI 11 P02 2A
city: BARCELONA
postcode: 8006
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Spain [ES]
 Project website https://recirculasolutions.com
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-1
 Funding Scheme SME-1
 Starting year 2018
 Duration (year-month-day) from 2018-06-01   to  2018-09-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    RE-CIRCULA SOLUTIONS SL ES (BARCELONA) coordinator 50˙000.00

Map

 Project objective

ReCircula Solutions has created a platform for the creation of intelligent and easily scalable technological solutions that provide an accessible space for the different actors involved in waste management and who can improve the sector at a global level. This technology will solve main current problems related to the low packaging recycling rates: the lack of incentives (developing an incentive system), the citizens passive role (through interactive touch screen and gaming), the inefficient collection routes (optimizing itineraries), the lack of information (increasing the amount of data available by citizen and package recognition), the economic issue (changing the current expensive landfilling practice to selling this valuable materials for recycling, and increasing their quality and quantity) and the environmental issue (reducing carbon footprint and landfilling) ReCircula Solutions is a Spanish company, managed by an experienced team of professionals with business, financial and technical profiles. Since 2015, we have researched and manufactured the optimal waste management solution. We plan to launch RecySmart to the market and we seek to further develop it to a market-ready product. We will use Phase 1 to develop and implement a structured business plan, which allows broad penetration of an innovative packaging smart container system connected with a big data platform to increase packaging recycling rates and boost circular economy. Subsequently, Phase 2 will centre on the activities needed to upscale and launch the process. The overall plan is to commercialize RecySmart across Europe with a direct sales business model. By 2025 there will be 22 people employed directly in Recysmart, with many more employed indirectly, both within the company, their suppliers and the manufacturing companies. Considering total project costs of €1 million, by 2025, the project earns a net present value of over 2M€ and an internal rate of return of 45%.

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The information about "RECYSMART" are provided by the European Opendata Portal: CORDIS opendata.

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