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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.

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

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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