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THE NEW SUSTAINABLE EXOTIC VENEER FROM THE FRENCH CARIBBEAN

Objective

FIBandCO aims to develop a new exotic veneer made from banana plan trunks as a clean alternative to wood: GREEN BLADE®, an exceptional coating, 100% natural and eco-designed.
At the end of their life cycle, banana plants die on the spot and grow again from their bulb. Previously, after the harvesting of bananas fruits, trunk was naturally decomposing. Now, the trunks of banana trees are harvested by hand and used to create value through this unique veneer and other products. This process doesn’t use water nor chemicals. FIBandCO recycles this abundant agricultural waste, grab as a particularly virtuous renewable raw material.
The company proposes the whole value chain, from the innovation concept to the commercialization of the products. The objectives of the company are to provide and market “turnkey factories” for banana planters, so they can exploit this raw material throughout the year.
Established in Martinique in 2009, FIBandCO gives a second life to banana plant trunks. FIBandCO has been created to develop and exploit commercially this idea. Up to now, the solution is operational and credible, it allowed the company to two rounds of investment for a total amount of almost 2 M€ in 2013 and December 2014. To go further it is necessary for FIBandCO to pursue the definition of the commercial plans and the overall strategy for the next two years.
Preliminary work and experiments have led to the concept validation, production process definition, and patent filing. The veneer turnkey factory prototype has been developed and tested in relevant environment (TRL 6) allowing to produce prototypes and samples of GREEN BLADE®.
The final green economy outcomes and disruptive model perfectly fit with SC5-20-2014-1 call. This phase I will help our company to hit the market with a clear strategic view in terms of business model, R&D and IPR. Whit this SME Instrument deliverables, and hopefully subsequent phase II, FIBandCO can expect a strong growth during the next few years!

Fields of science (EuroSciVoc)

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Programme(s)

Multi-annual funding programmes that define the EU’s priorities for research and innovation.

Topic(s)

Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.

Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

SME-1 - SME instrument phase 1

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) H2020-SMEInst-2014-2015

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Coordinator

FIB AND CO
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 50 000,00
Address
HABIT RIVIERE LA MANCHE
97224 DUCOS
France

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
RUP FR — Régions Ultrapériphériques Françaises Martinique Martinique
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
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Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 71 429,00
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