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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.

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