Yesterday, March 27, saw the launch of the Vertical Algae project, part of the Blue Bioeconomy Pact mobilizing agenda, led by Inovamar, and in which InnovPlantProtect (InPP) is involved, at the University of the Algarve in Faro.
InPP was present to present the agricultural activity it coordinates, in partnership with the collaborative laboratory GreenCoLAB, The aim of the project is to identify, produce and test algae-based biopesticides and biostimulants to make agriculture more sustainable.
The public session included speeches by Miguel Marques, Chairman of Inovamar's Board of Directors, João Navalho, Chairman of Necton's Board of Directors, José Apolinário, President of the Algarve Regional Coordination and Development Commission and Pedro Valadas Monteiro, Algarve Regional Director for Agriculture and Fisheries. The initiative also included a round table, moderated by Necton, with the participation of all the previous speakers.
The Vertical Algae consortium, which involves a total of 38 entities, including companies, universities, CoLABs and Research and Development (R&D) centers, will have funding of 44 million euros, and aims to provide the national algae sector with the necessary capacity and competitive advantages, based on new sustainable products, processes and services, to compete in global markets and raise the national brand in the European blue bioeconomy.
In addition to this consortium, led by Necton, linked to the algae sector, launched this Monday in the Algarve, this mobilizing agenda includes six more secondary consortia, linked to the creation of new industries: biomaterials, bivalves, textiles, food, animal feed and fish.
Vertical Algae is co-financed by the Next Generation EU Funds, through the Recovery and Resilience Plan (RRP), and is the largest initiative in the Blue Bioeconomy Pact agenda.
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