The overall goal for the project Circular Economy - A Game Changer for the Wood Building Industry is to boost regional companies competitiveness on the international market by initiating new technologies, networks and business ecosystems around circular economy. The project will contribute to the EU Interreg Botnia-Atlantica business priority and offers an increased capacity for cross-border business cooperation for companies within the construction and wood product industry. The project main goal is to support target regions SMEs in overcoming common barriers when trying to adopt circular business models.
Background
The lead partner of the consortium is the Novia University of Applied Sciences from Vaasa, Finland.
Goal
Over the next 10 years, the demand for global construction is expected to increase by 70 %. This is a challenge in a world where more and more resources are becoming scarce. In addition to constructing new, there is also an urgent need to upgrade the existing building stock. Thus, it is a burning issue to develop new models and practices for the construction industry in order to prepare the trade for the future.
Circular economy is an industrial system that replaces the traditional linear business model with a circular one. For companies this means introducing new business models based on repair, reuse, refurbishing, remanufacturing and recycling. For customers this means replacement of worn products with sustainable products or services.
Funding source
EU, Ostrobothnia Region
Contact persons
Ari Hynynen
Professor
ari.hynynen [at] tut.fi
+358 40 839 8643
Virpi Palomäki
Project Manager
virpi.palomaki [at] tut.fi
+358 50 448 7142