Brief: Organoclick gets SEK 3.7 Million In Funding
22/11/2019 07:37
Nov 22 (Reuters) - OrganoClick AB ORGC.ST :
* ORGANOCLICK RECEIVES SEK 3.7 MILLION IN FUNDING FROM STRATEGIC INNOVATION PROGRAM
BIOINNOVATION
FOR DEVELOPMENT OF BIOBASED BINDERS FOR NONWOVEN
* PROJECT WILL BE EXECUTED IN A SWEDISH-FINNISH CONSORTIUM INCLUDING 3 PLAYERS SPANNING
WHOLE
VALUE CHAIN FROM BINDER PRODUCTION
* PROJECT WILL BE EXECUTED DURING 2.5 YEARS WITH START IN DECEMBER 2019
* TOTAL PROJECT BUDGET FOR ALL PARTNERS IS SEK 18 MILLION.
* BIOINNOVATION AND BUSINESS FINLAND JOÍNTLY FINANCES 50 % OF AMOUNT
Source text for Eikon: ID:nWkr6GkFXk
Further company coverage: ORGC.ST
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