FTP is an associate member of the Bio-based Industries Consortium (BIC). BIC represents the private sector in the Public-Private Partnership (PPP) Bio-Based Industries Joint Undertaking (BBI JU), established in June 2014.
Of the overall € 3.7 billion BBI JU budget, the contribution of BIC members for the period 2014-2020 totals €2.7 billion. The EU’s contribution to the BBI JU is made through Horizon 2020 and totals € 975 million. This funding is intended to support the large-scale commercialization of high-quality biobased products, through investment in innovative manufacturing facilities and processes, as well as in biorefining research and demonstration projects.
BIC members cover the entire bio-based value chain and consist of large industries, small and medium-sized enterprises (SMEs), regional clusters, European trade associations and European technology platforms. Any interested stakeholders along the bio-based value chain may apply for membership.