The European Commission selected AlgaEnergy as one of the SMEs with the highest growth potential in Europe, with strategic importance for the continent. For this reason, the EC financed 70% of its business plan, non-repayable, during 2017-2018.
INTERCOME (INTERnational COmmercialization of innovative products based on MicroalgaE), based on AlgaEnergy's business plan, is an extension of the ALGAEPRINT project (SME Instrument Phase 1). The project's main purpose was to put into four different markets products derived from the produced biomass by guaranteeing continuous cultivation capacity.
INTERCOME project wants to set an example of an easily scalable high-growth circular system, which considers microalgae as the engine of a green economy since they are an inexhaustible source of valuable raw materials for different sectors. INTERCOME's eco-innovative business model contributes to simultaneously addressing important challenges, such as environmental sustainability and resource efficiency, facing humanity in this century.