Leading innovative catalyst company Econic Technologies, has been awarded a Horizon 2020 SME grant amounting to €2.49million to assist with the commercialisation of its catalyst technology.
This European grant will enable the acceleration of process and downstream product development as well as scale-up activities designed to demonstrate to customers the value of Econic’s catalyst technology.
Funded by the European Union, the Horizon 2020 SME Instrument helps high-potential SMEs, supporting close-to-market activities, with the aim to give a strong boost to breakthrough innovation
Rowena Sellens, Econic’s CEO commented
“Econic Technologies are very grateful to Horizon 2020 for this grant award. The Horizon 2020 grant process is extremely competitive, and this award is yet another demonstration of the credibility and strength of Econic’s catalyst technology and business opportunity.
We have already begun to scope the process and product development scale-up project which will benefit hugely from this grant, both in terms of pace and breadth of relevance to our customers”.
For more information contact Richard French, Business Development Director via telephone on +44 203 763 9473 or email R.french@econic-technologies.com
About Econic Technologies
Econic Technologies is an innovative and fast growing chemical technology company that develops and commercialises novel catalyst technologies to build carbon dioxide into polyurethanes and other polymers.
The underlying catalyst technology was developed at Imperial College London by a team of scientists led by Professor Charlotte Williams, which has developed new processes that can react captured CO2 with epoxides to produce polycarbonates and polyols.
Econic Technologies started operations in 2012 with investment from Imperial Innovations, Norner Verdandi and Jetstream Capital to develop the technology further towards commercial applications. The current technology is covered by a number of worldwide patents and patent applications.