Implementation of innovative technology for new cosmetic products

Client

A medium-sized enterprise, one of the Poland's leading cosmetic companies.

Project’s description

To improve competitiveness in the market and increase production capacity, the company has decided to conduct a project which consists of expanding the production facility and R&D laboratory. The project’s eligible costs amounted to PLN 13.5 million. Expansion of the R&D lab enables improving standards in creating cosmetic formulas and implementation of innovative products. The objectives will be achieved due to the implementation of an innovative production technology for new cosmetic products.

Our approach

PNO specialists developed an individual strategy of implementing EU funds and selected a programme (funding source) relevant to the project’s assumptions. Later on, high quality application documentation – application, business plan and attachments - was prepared. During the process the Client’s involvement was kept to a minimum, and PNO specialists took over the majority of activities related to the grant acquisition process.

Benefits

Thanks to a grant of PLN 6.75 million (50% of eligible costs), the company will be able to introduce a new innovative product to the market. The project will utilize the results of its own R&D works conducted in its own R&D laboratory and pertaining to two new product lines. New products will contribute to improving the company’s competitiveness on the market.

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