Skip to content

Funding Source

AlgaCycle Project

Working together for a green, competitive and inclusive Europe​​

The ALGACYCLE project, designated as PT-INNOVATION-0023, is funded by Iceland, Liechtenstein and Norway through the EEA Grants within the scope of the Blue Growth Program.

About EEA

Through the Agreement on the European Economic Area (EEA), Iceland, Liechtenstein and Norway are partners in the internal market with the Member States of the European Union. As a way of promoting a continuous and balanced strengthening of economic and trade relations, the parties to the EEA Agreement have established a multiannual Financial Mechanism, known as the EEA Grants. The EEA Grants aim to reduce social and economic disparities in Europe and to strengthen bilateral relations between these three countries and the beneficiary countries. During 2014-2021, a total contribution of € 2.8 billion has been agreed to 15 beneficiary countries. Portugal will benefit from a budget of 102.7 million euros. Learn more at