MDF Recovery Wins EU Funding

March 29, 2019

For an early stage business such as MDFR, grants can be an important mechanism for supporting and accelerating technology development. The finance boost is useful but these grant funded projects also allow for collaborations with other industry partners or academia and provide comfort and credibility for private investors. Horizon 2020 is the EU’s main R&D support programme and runs until 2020, by which time it will have injected nearly €80 billion into innovation activities.

MDFR was pleased to win a €50k award from the SME Instrument (Phase 1), which supports smaller businesses across the EU to develop their ideas and shape them for future market uptake. Competition is fierce for these grants and success rates can be as low as 1 in 20, meaning that MDFR’s approach to introducing closed loop recycling into the MDF supply chain was considered to be among the best ideas in Europe.

Our project, called MataDOR, is now well underway and will culminate in an application to Phase 2 of the SME Instrument later in 2019. Phase 2 offers significantly higher funding rates and if our application is successful, it will support the design and build of a full scale commercial demonstration plant. A supply chain partnership is now being constructed so that the recycling of waste medium density fibreboard can be introduced into a sector worth over £31 billion globally.

Please contact Craig Bartlett for further details.