Spinnova receives Business Finland NextGenerationEU grant for fibre development work
SPINNOVA PLC, PRESS RELEASE, 4 October 2022, 08:00 a.m. EEST Spinnova receives Business Finland NextGenerationEU grant for fibre development work Spinnova Plc has received a grant of a maximum of 1.6 million euros for its research and development work from Business Finland for the time period 1 October 2022 – 31 December 2024. The grant amount represents 50% of the project’s total cost estimate of 3.2 million euros. The development project focuses on the follow-up research of Spinnova technology and fibre, targeting fibre utilization in new application areas and product segments