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Borealis Innovation Challenge
Finding project partners for Borealis in an open innovation project that furthers a circular economy approach for plastics and opens new and sustainable business opportunities.
75
potential partners identified
7
finalists
2
winners
Key numbers
Open innovation project that furthers a circular economy approach for plastics
Borealis aims to be a leading provider of high-value sustainable/recycled plastics for consumer applications such as packaging. The company wants to take an active and leading role in driving the change towards a circular economy for plastics.
How we reached the goals
Spinverse first organised first an open innovation strategy workshop with a group of key Borealis experts to discuss the critical development needs and opportunities for plastics recycling to high-value products. This set also the basis to define the type of partners, with whom Borealis could continue strategic collaboration. Spinverse then helped in defining a clear scope for the challenge together with Borealis, opened the call and managed the proposal submission system. Spinverse activated relevant companies and research teams to participate in the partner search and pre-ranked the submissions. Spinverse also organised the Borealis Innovation Day for the pitching final.
Key takeaways
Open innovation workshop gave important understanding on how to make open innovation projects and focused the scope for the Innovation challenge and related projects. Based on the partner search and joint evaluation of an extensive amount of potential partners by Borealis and Spinverse experts, finalists were selected to submit their finalized proposals and pitch their ideas at Borealis Innovation Day. Winners were provided with an opportunity for strategic collaboration with Borealis.
Photo by Borealis
About the project
The LIFE Lit4Nature aims to establish a stronger, evidence-based system for biodiversity conservation and restoration across Lithuania. Major focus will be placed on strengthening the national biodiversity monitoring system, improving data collection and integration and on introducing innovative monitoring approaches to support evidence-based conservation and restoration decisions.
Impact of the project:
The project aims to boost stronger biodiversity and ecosystem recovery across Lithuania through nationwide conservation and restoration. Further, it wants to achieve better national coordination for efficient and well targeted conservation measures and their funding.
Funding instrument LIFE Programme
Spinverse’s role
Spinverse experts supported the coordinator throughout the two-stage LIFE Strategic Nature Project application process from concept note development to submitting the final proposal.
The support included workshops that brought together the proposal team to sharpen the project concept and focus the application on the most relevant and critical aspects of Lithuania's
Prioritised Action Framework for Natura 2000 and the forthcoming National Restoration Plan.
Spinverse’s strategic guidance, hands-on support and thorough quality reviews helped us focus on the critical aspects, strengthen the proposal logic and present its impacts convincingly. Their LIFE expertise gave our team confidence and contributed significantly to the proposal’s high quality and successful funding outcome.”
Supporting the UN Sustainable Development Goals
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