Duration: 2013 - 2020
Public-private partnerships (PPPs) in Europe
The new Framework Programme for Research of the European Commission “HORIZON 2020” (starting 2014) includes the funding instrument "public-private partnerships" (PPPs). These "partnerships" between the public sector (European Commission) and industrial companies aim to develop innovative technologies in European key industries.
A definition of PPPs from the European commission:
“Compared to the standard management of collaborative research by the European Commission, setting up a PPP allows for a much greater role of private sector stakeholders in establishing a jointly agreed multi-annual strategic research agenda with the European Commission. Compared to standard collaborative research, a PPP would allow to take on board a greater private sector financial contribution, thus generating additional "leverage" at European level.”
Thus, the development of public-private partnerships should facilitate the mobilization of private and public investment, to promote the economic activity and long-term structural change.
The public-private partnership “Bio-based Industries” (BBI)
Bio-based Industries, or shortly BBI, was established in May 2014 as a public-private partnership in the new European research framework program Horizon 2020. Often, the designation "BRIDGE" was also used as a synonym for BBI. BRIDGE stands for “Biobased and Renewable Industries for Development and Growth in Europe”. (The term BRIDGE will no longer be used, but it still could be found as a logo in some documents.)
The BBI vision is that of a competitive, innovative and sustainable Europe leading the transition towards a post-petroleum society while decoupling economic growth from resource depletion and environmental impact. In this vision, the biobased Industries will optimize land use and food security through a sustainable, resource-efficient and largely waste-free utilization of Europe’s renewable raw materials for industrial processing into a wide array of biobased products, e.g.:
- Food ingredients and feed
- Advanced transportation fuels
To achieve the objectives of BBI the private partners provide 2.7 billion euro. The European Commission provides 975 million euro. For more information please visit the official BIC-website www.biconsortium.eu or the official BBI-website www.bbi-europe.eu.
The “BIC” association
BIC, the "Biobased Industries Consortium", currently consists of 78 industrial partners from large enterprises, small and medium enterprises (SMEs) and clusters/networks, which contribute financially to the founding of the planned HORIZON 2020 public-private partnership “BBI”. BIC has the legal entity of an "international non-profit association" (French: AISBL = Association International Sans But Lucratif, hence BIC AISBL). BIC is the private part of the PPP BBI.