Thanks to a change in the BBI JU Regulation in January 2018 it is now possible under the 2018 BBI JU Call to participate in projects ‘in cash’, as a contribution to the industry commitment to the BBI JU.
The so called ‘special RIAs’ or ‘cash RIAs’ include a special eligibility criterion to encourage ‘in cash’ financial contributions by so called “BFNRs - beneficiaries not receiving funding”, meaning large industry members of the Bio-based Industries Consortium (BIC) in BBI JU projects. A consortium that submits a project proposal must include at least one partner that is a BIC large industry member on 6 September 2018 and during the entire duration of the project.
Following numerous requests for clarification from interested parties BIC has published 3 new FAQs to shed further light on the background and conditions for ‘in cash’ contributions at project level:
- Why was an amendment of the BBI JU Regulation required?
- What are the new ‘special RIAs’ (also called ‘cash RIAs’) introduced in the BBI JU Call 2018?
- How can large enterprises that are not yet a member of BIC participate in the ‘special RIAs’ topics in the BBI JU 2018 Call?