Memorandum of Understanding (MoU) with the European Bank for Reconstruction and Development (EBRD)
In the context of the BBI JU Synergy Label initiative, BBI JU and the EBRD signed a Memorandum of Understanding (MoU) to promote investments aimed at establishing and consolidating a sustainable bioeconomy sector. This MoU will apply in those economies where both organisations have a legal mandate to operate.
In the framework of this joint collaboration, the EBRD will be able to review those proposals that meet the screening requirements but do not get access to BBI JU funding, in order to assess the feasibility of their development in conjunction with EBRD financing. Furthermore, on a proposal-by-proposal basis and provided that certain requirements are met, the EBRD will analyse the possibility of proposals to access specific EBRD programmes such as those supporting small and medium businesses and/or higher-risk investments.
By means of this MoU, the two organisations intend to cooperate on areas of common interests, including in connection with:
- Exchanging non-confidential information and identify potential synergies, including on programmes and initiatives not currently implemented;
- Supporting each other's outreach activities by participating in workshops, conferences and other events in line with the goals of the MoU, including considering the development of shared outreach events;
- Coordinating efforts to increase support to the development of the bioeconomy in economies where both parties have a legal mandate to operate.
Memorandum of Understanding (MoU) with the European Circular Bioeconomy Fund (ECBF)
Also in the context of the BBI JU Synergy Label initiative, BBI JU and the ECBF have signed a Memorandum of Understanding (MoU) which aims to help the Synergy Label awarded proposals by catalysing sustainable innovations and fuelling business growth.
As a leading venture capital fund dedicated to growth-stage investments in the circular bioeconomy including the blue economy and the bio-based industries in Europe, the ECBF relies on expertise and powerful networks to catalyse sustainable innovations and fuel business growth. ECBF wants to cooperate with regional partners to identify and select investment targets, and finance and support growth companies on a pan-European level.
The BBI JU and the ECBF collaborate in fields of mutual interest to promote investments in the circular bioeconomy sector. The common goal of the MoU is to join efforts to identify promising growth companies participating in the BBI JU programme, to promote them and to bring them up to a European level. Both parties agree that sustainable development is more likely if attractive returns can be achieved through the investments, but also if a positive impact on the development of the circular bioeconomy is monitored.
The two organisations share many common goals and recognise the great potential in joining forces and leveraging synergies through collaboration. Fields of potential cooperation that have been identified by the two parties include:
- Exchange of non-confidential information and identification of potential synergies between the ECBF and the BBI JU programme.
- Collaboration to inform about alternative funding to proposals/companies participating in the BBI JU programme
- Participate in informational sessions of mutual interest, e.g. under the frame of webinars or conferences.
- Mutual support in outreach and advertising the parties activities. Upon agreement, the parties will execute common public relations actions so that a positive impact on both parties is likely.
- Positive references will be given for the other party, e.g. to support fundraising activities for the ECBF and to support the calls for BBI JU.
Advisory Agreement with the European Investment Bank (EIB)
The EIB (European Investment Bank) has as well a crucial role to play in supporting the BBI JU Synergy Label awardees. To this end, BBI JU and the EIB have established and Advisory Agreement where, among others, EIB offers its advice on the appropriate financing strategies and capital structure of the awarded proposals.
In accordance with the agreement entered into between the European Commission (EC) and EIB in the field of access to risk finance for research and innovation in the context of Horizon 2020 (InnovFin) the Bank assumed to provide advisory services to entities that meet the relevant eligibility criteria of the InnovFin initiative. The advice provided by the Bank can be delivered by the EIB Group experts (the EIB or the Bank and the EIF) or external providers to the BBI Synergy Label awardees.
Memorandum of Understanding (MoU) with the European Forest Institute (EFI)
The BBI JU and the EFI (European Forest Institute) have strengthened their collaboration with the aim of supporting a science-informed dialogue and actions to advance a sustainable bioeconomy in Europe. The two organisations signed a Memorandum of Understanding (MoU) in October 2020, establishing a partnership which aims to contribute to the development of new models, innovations, policies and investments in the field of forest bioeconomy and promote the collaboration of regions and regional actors at a European level.
The following areas are a priority:
- Joint networking actions at the regional level, as well as promoting the collaboration of regions at European level to support science and innovation, entrepreneurship, and access to finance for regional forest bioeconomy development.
- Science-informed communication activities, such as events, videos or publications to raise awareness in society of the potential benefits and challenges of a forest bioeconomy in Europe.
- Supporting the synergies between regions and key actors working on the advancement of the bioeconomy in Europe.