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Bioeconomy Funding & Finance Options
From Department of Agriculture, Food and the Marine
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The Irish Bioeconomy Foundation, in collaboration with the Bioeconomy Implementation and Development Group, have produced a brochure signposting the main bioeconomy-related funding opportunities and supports available for a range of stakeholders.
The Bioeconomy Funding Opportunities brochure can be viewed hereunder:
Bioeconomy Funding Opportunities in Ireland and Europe – 2023 Edition
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The Bioeconomy Demonstration Initiative is co-funded by the Government of Ireland and the European Union through the EU Just Transition Fund. The funding offers the opportunity to support close collaboration between stakeholders along the entire bio-based value chain at the Just Transition Fund territorial level, including SMEs, research performing organisations, universities, local authorities, clusters, primary producers, bioprocessing industries, and consumer brands.
The 2023 Call for proposals under this scheme was opened by the Department of Agriculture, Food and the Marine between 16 August to 13 October 2023. This Call is now closed. Proposals submitted under this Call are currently going through an evaluation process. Successful proposals will be announced in due course.
It is anticipated that another EU Just Transition Fund Bioeconomy Demonstration Initiative Scheme Call will open in 2024.
For more information on this scheme, and the 2023 Call for proposals, please see: 2023 Bioeconomy Demonstration Initiative – EU Just Transition Fund
As part of the Shared Island Initiative, the Government has awarded €7 million for an All-Island Bioeconomy Demonstrator initiative to support the integration of biobased innovation in the agriculture and marine sectors across the island of Ireland.
In response, the Department of Agriculture, Food and the Marine, working in consultation with the Department of Agriculture, Environment and Rural Affairs in Northern Ireland, has established the ‘Shared Island Fund Bioeconomy Demonstration Initiative Scheme’. Supported by the €7m allocated from the Shared Island Fund, this new funding opportunity for the bioeconomy will be offered through a competitive funding Call, due to be opened in the final quarter of 2023.
For more information on this new Bioeconomy Demonstration Initiative Scheme’, please see Shared Island Fund Bioeconomy Demonstration Initiative Scheme
Circular Bio-based Europe Joint Undertaking (CBE JU) is a €2 billion partnership between the European Union and the Bio-based Industries Consortium (BIC) that funds projects advancing competitive circular bio-based industries under Horizon Europe, the EU’s research and innovation programme. CBE JU is the legal and universal successor of Bio-based Industries Joint Undertaking (BBI JU).
For more information, please visit Circular Bio-based Europe Joint Undertaking (CBE JU)
The Bio-based Industries Consortium (BIC) is a non-profit organisation set up in Brussels in 2013 to represent the private sector in a Public-Private Partnership (PPP) with the European Commission, focused on strengthening the bio-based industries sector in Europe. BIC’s industry members cover the whole value chain, from primary production to market.
For more information, please visit Bio-Based Industries Consortium
The European Circular Bioeconomy Fund (ECBF) is a private venture capital impact fund exclusively dedicated to the (circular-) bioeconomy. ECBF aims to catalyse the transition towards a sustainable future.
For more information, please visit www.ecbf.vc.
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