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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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 Outcomes and results

 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.

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

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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