Mark 6 is the winner of the Inova Algarve 2.0 contest

Five projects received monetary awards

MarK 6 is the winner of the Inova Algarve 2.0 Contest aimed at SMEs in the region. In the final of the competition that took place, this Wednesday, at the headquarters of NERA, in Loulé, the company presented EquaDynamics, a naval propulsion system that transforms waste into consumption and reduces consumption, electrical or fuel, by up to 50%. as well as CO2 emissions into the atmosphere.

Among the 15 finalists, the following projects were distinguished in the different categories: Gribb, in Tourism and Agrifood; Faro Story Spot, in Tourism and Information and Communication Technologies and Cultural and Creative Industries; EquaDynamics, in Tourism and Sea; SAN – Integrative Health, in Tourism and Health; and Âmago – Intelligent Energy, in Tourism and Renewable Energy.

Each one received a prize of five thousand euros and the winner an additional prize of five thousand euros.

In the Tourism and Agri-food category, products from the region are valued, with Gribb, from Portimão, which bets on the first organic mushroom production in the Algarve, with 14 species, five of which are unique at national level and three with medicinal purposes.

This company currently has a production of 60 kilos per week and «stands out for its circularity, transmuting waste into food, with a model of vertical and 100% organic farming».

In the Tourism and Information and Communication Technologies and Cultural and Creative Industries category, the winner is the Faro Story Spot, by Good Moments, which introduces the History of Faro, the city's relationship with the Ria Formosa and the Mediterranean Diet.

This is a project based on technology and multimedia tools, scheduled to open at the end of April.

In the Tourism and Sea category, Mark 6 was the company distinguished by the EquaDynamics project, which has two patent applications in progress and was the big winner.

The project makes it possible to increase the autonomy of vessels, currently the biggest obstacle to the transition to naval electric mobility.

SAN-Saúde Integrativa, which aims to apply the principles of sustainability and connection to nature as a lifestyle, was the winner in the Tourism and Health category.

This is a pioneering project «based on an interdisciplinary team aimed at building infrastructures that allow the concept to be internationally recognized».

In the Tourism and Renewable Energy category, the winner was Âmago – Energia Inteligente, which focuses on transforming heat into domestic hot water, generating savings of over 60%, eliminating the need for traditional fossil fuel boilers in hotels.

The Inova Algarve 2.0 Innovative Business Projects Contest, co-financed by the CRESC ALGARVE2020 Operational Program, counted 63 eligible projects, among ideas and projects implemented from 1 January 2019, of which 15 finalists were selected, three from each of the five categories .