Total approved costs of the project are EUR 472 069,00 and they are financed from the following financial sources: European Regional Development Fund (ERAF) - EUR 272,855.88, Government funding - EUR 163,807.94, Ventspils University of Applied Sciences and joint stock company "LATVO" funding – EUR 35,405.18. Project Duration – 24 months (03.2019-02.2021).                                                                             
Many modern inventions require independent energy sources. Batteries and accumulators are mainly used as such. A clean energy source that can be used when travelling to power electronic devices or charge batteries can be a generator that converts human kinetic energy, for example when riding a bicycle, into a suitable electrical voltage. The main goal of the project is to develop new technological solutions and demonstration prototypes of bicycles and hand-held generators. It is an industrial study that aims to acquire new knowledge and skills to develop a new technological solution.                                                 
                                                                                                                                                                                                                                                                                                                                                                         
The scientific results will be published in scientific articles, technological development will be provided by cooperation partners, demonstration models will be available for public discussion. Several students will be involved in the project, as one of the goals of the project is education and attracting young people to science and industry.