Interreg MED Modular project – BLUEfasma- "Empowering innovation capacity of SMEs, maritime clusters and networks in MED islands and coastal areas to support blue circular economy growth in fishing/aquaculture"
BLUEfasma integrates and implements Circular Economy (CE) principles in the key blue growth sector of fishing/aquaculture to benefit MED insular/coastal areas in a novel/innovative way. The project team tackles the transnational challenge of continual depletion of natural resources and the below-EU-average MED CE innovation performance in fishing/aquaculture. Its overall objective is to empower innovation capacity of SMEs, maritime clusters/networks, PAs to boost blue CE growth in insular/coastal areas. CE prevents depletion of resources by closing energy & materials loops, leading to smart/sustainable growth as a key MED joint asset.
Funding Programme: Interreg MED 2014-2020
Programme objective tackled: Axis 1, sub-objective 1.1
European Regional Development Fund (ERDF) co financing rate: 85%
Total budget: 2,811,585.00 €
Project duration: 32 months