Bringing innovation to the market is a central pilar of European competitiveness. The CBE JU has played a pivotal role in de-risking investments, leading to the scale-up of innovative bio-based solutions.
CBE JU has allocated 80% of its total budget to Innovation Actions, covering scale-up from prototype to product validation and market replication. This is the highest deployment-intensity ratio in the Horizon Europe Joint Undertaking portfolio, with TRLs 6 to 8 covering first-of-their-kind flagship industrial demonstrators.
23 flagship biorefineries and 198 demonstrators have been built or are under construction with CBE JU support, mobilising €2.5 billion of total investment. In the BBI JU (predecessor of CBE JU) programme, every €1 of EU funding invested in flagship and demo projects has attracted approximately €5 of private investment. This leverage effect demonstrates the Joint Undertaking’s ability to trigger, attract and mobilise private investments in Europe, particularly through its funding of projects at higher TRL levels, at a time when the EU faces growing competition from other regions of the world for that same investment.
CBE JU Key Performance Indicators (KPIs) show the impact of EU funding on research and innovation and track the programme’s progress.
All BBI JU KPIs linked to project outputs exceeded their initial targets.
While the majority of CBE JU-funded projects are still in the early stages, the KPIs are well on track to be met, or exceeded, in all areas. This provides strong evidence that the CBE JU programme is generating higher industrial and environmental impact than the SRIA targets, indicating a high level of effectiveness of the Joint Undertaking instrument.
Going beyond project management, the CBE JU has played a key role in informing policymakers of the challenges faced by funded projects in commercialising innovative ideas in Europe. One such challenge is access to finance. Bio-based innovation is capital-intensive in nature, has a high technological risk and takes a long time to see a return on investment (>10 years). To tackle this challenge, the Bioeconomy Investment Deployment Group works on mobilising private investments along the full scale-up journey, bridging research and innovation with “first-of-a-kind” plants at commercial scale. This action is complementary to the European Competitiveness Fund (ECF) proposal.