Industrial Technologies INNOVATION
Circular economy implementations as a mean to enable sustainability of production processes
SHARE:
Market Maturity: Business Ready
These are innovations that are putting concrete market-oriented ideas together and are, for example, pursuing market studies, business plans, engagements with relevant partner and end-users. Learn more
Market Creation Potential
This innovation was assessed by the JRC’s Market Creation Potential indicator framework as having a Moderate” level of Market Creation Potential. Only innovations that are showing multiple signals of market creation potential are assigned a value under this indicator system. Learn more
Go to Market needs
Needs that, if addressed, can increase the chances this innovation gets to (or closer to) the market incude:
  • Prepare for Market entry
  • Secure capital
Location of Key Innovators developing this innovation
Key Innovators
CENTRE CIM FUNDACIO PRIVADA
BARCELONA, ES
Higher Education Institute / Research Centre
UNIVERSITA DEGLI STUDI DELL'AQUILA
L AQUILA, IT
Higher Education Institute / Research Centre
POLITECNICO DI MILANO
MILANO, IT
Higher Education Institute / Research Centre
The EU-funded Research Project
This innovation was developed under the Horizon 2020 project FENIX with an end date of 30/04/2021
Description of Project FENIX
The European Union faces several challenges caused by globalization. Both the delocalization of production plants (leading to more imported products) and the instability characterizing several industrial sectors force economies to re-think their business models and re-adapt them in a new context, where the sustainability of products and processes is more relevant. Within this overall framework, the need to think about innovative business models and industrial strategies, able to answer to these new requirements is mandatory. One chance is the exploitation of digital technologies. Another is the exploitation of secondary (and critical) resources that, currently, are wasted without any recovery. The project FENIX wants to consider both these issues and their potential at the same time, proposing something that could allow Europe to re-appropriate its pertaining position in the global market. The idea is to study innovative business models and industrial strategies (based on the circular economy paradigm) enabling the development of new product-services through the definition of novel supply chains, resulting from an unconventional mix of current ones. This could allow the easy re-use, reconfiguration and modularization of production systems, the exploitation of overcapacity and the renaissance of industrial poles all over the Europe. Furthermore, the circular economy driven business models and industrial strategies proposed by project FENIX will be demonstrated in existing pilot plants, adequately reconfigured and integrated based circular economy needs.

Innnovation Radar's analysis of this innovation is based on data collected on 28/09/2020.