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The Investments of company ‘Fasa’ Towards Scientific Research and Experimental Development (SR&ED)

 

The Investments of Private Limited Liability Company ‘Fasa’ Towards

Scientific Research and Experimental Development (SR&ED)

 

 

Since October 2020, PLLC ‘Fasa’ has been implementing the Project “PLLC ‘Fasa’ Investments Towards SR&ED” No. 01.2.1-LVPA-K-856-01-0231 in accordance to the Action Program Measure “Experiment” No. 01.2.1-LVPA-K-856.

The purpose of this Project – to perform the development of the company by investing towards the performance of SR&ED activities and infrastructure for the creation of the innovative butter production and packaging line.

The equipment necessary for the performance of the SR&ED activities will be acquired during the implementation of the Project, the scientific researches for solving the scientific uncertainties will be performed and the experimental development will be performed by creating the prototype of an innovative product.

When planning to create the production and packaging lines of butter, the technological solutions will help the butter manufacturer to increase the production efficiency and will create preconditions for a relatively more effective use of energy and other resources. Furthermore, upon successful implementation of innovative solutions, the production waste will decrease; they will be more easily used for other purposes or reprocessed in to other products. These innovations will increase the competitiveness of the company and will create a more favorable preconditions for maintaining a stable price for its production.

The implementation of the Project will directly contribute towards the creation of the innovative product. Thanks to the implementation of the Project, the company’s SR&ED infrastructure will be extended and the investments towards scientific researches and experimental development will highly increase. Moreover, there will be contributions towards the creation of new workplaces for researchers having high qualification when a new engineer will be employed for the performance of the Project activities.

The total budget of the Project – 2,190,548.98 EUR.

1,147,626.58 EUR financing from the European Regional Development Fund was allocated towards the implementation of the Project.

The envisaged duration of the Project – 36 months.

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