Insights

Securing public funding for large-scale innovative projects can be a daunting task. At Spinverse, we understand the challenges that our customers face when navigating the complex world of funding proposals. As part of our Advisory services, we offer a comprehensive viability assessment designed to evaluate and enhance the potential of your projects, ensuring they meet the stringent requirements of funding instruments — such as the Innovation Fund. 

The 3D Fibre project aiming to commercialise a new Muoto™ packaging business for Metsä Group was highly scored in the European Commission's competitive evaluation process during 2024. Metsä Group has now completed the grant negotiations with the European Union on the co-financing for the first commercial Muoto™ mill planned for construction in Rauma, Finland. Spinverse funding experts provided Metsä Group with support during both the project proposal phase and the Grant Agreement negotiations that followed the positive evaluation.

Novel moulded fibre packaging to replace fossil-based packaging 

Lixea Sweden AB, a technology development company with a mission to repurpose waste into profitable and sustainable materials, has been granted EUR 21.5 million by the Innovation Fund. The grant will be used to build and operate a commercial pilot plant, demonstrating a completely new method for biomass fractionation based on ionic liquids. The project will enable the replacement of fossil materials with biobased alternatives in applications where it has not been previously possible, thereby advancing the transition to a bio-based economy. Spinverse experts supported Lixea in their successful funding proposal.

The European Union has set ambitious goals for achieving a climate-neutral and circular economy by 2050. Among one of the largest funding programmes to demonstrate low-carbon technologies is Innovation Fund, which had its call deadline on 9^th April 2024, releasing a total of 4B€ in grants. Over the past few months, our Spinverse funding experts have been working hard together with clients to submit several project proposals. Together, these projects demonstrate potential for significant greenhouse gas (GHG) avoidance and bring together many innovative actors in Europe.