The BBI JU Synergy Label
The BBI JU Synergy Label is a new pilot initiative that recognises the value and excellence of Innovation Actions (IAs) proposals submitted to the BBI JU Call for proposals and qualified above the quality threshold.
The BBI JU Synergy Label is awarded to BBI JU proposals that were deemed to deserve funding but did not receive it due to budget limits. The BBI JU Synergy Label recognises the value and excellence of the proposals and supports the search for alternative funding. This recognition should improve the reputation and recognition of the organisations participating in the proposals and facilitate the search by the consortia for alternative source of funding provided by EU funding organizations, EU Member States and regions or other possible funding organisations.
The first BBI JU Synergy Label awardees are the all the IAs projects included in the reserve list of the H2020-BBIJTI-2018 Call.
The role of BBI JU in this pilot initiative
The role of the BBI JU for the Synergy Label pilot initiative will be limited to the award of the label, dissemination of the initiative and guidance to the awarded proposals towards the main contacts in the respective relevant funding organisations.
Dissemination and communication activities will ensure that EU funding organisations as well as EU Member States and regions are informed about the BBI JU Synergy Label.
BBI JU is currently working with different funding organisations in order to ensure the recognition of the proposals awarded with the BBI Synergy Label Pilot. Through the Synergy Label, BBI JU will support proposals in exploring for alternative source of funding such as the European Fund for Strategic Investments (EFSI), the European Structural and Investment Funds (ESIF), Thematic Investment Platforms and also instruments offered by national, regional and/or local development agencies.
Memorandum of Understanding (MoU) with the European Bank for Reconstruction and Development (EBRD)
In this context, BBI JU and the EBRD will sign a Memorandum of Understanding (MoU) with the objective to promote investments aimed at establishing and consolidating a sustainable bioeconomy sector. The MoU will apply in those economies where both organizations 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.