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

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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