Objective
sea cucumbers are considered a delicacy in Asian cuisine, and of cultural and medical importance. They are exploited in >70 countries and exported to SE Asia, where consumers pay from €300 to €1,500/kg for a premium dehydrated product. Sharp rise of Asian demand in the last years has led to overexploitation of 66% of sea cucumber fisheries globally. Current bottom trawls for sea cucumber fishing have low efficacy, high by-catches, and cause irreversible damage to the marine seabed, so they are banned in several European countries.
On the other hand, sea cucumbers are very perishable and need to be processed by hand when dried quality individuals are sought to meet Asian standards. High man power costs in Europe to fully process sea cucumbers have hindered exportation of dried sea cucumbers to Asia from the only producing European country, Iceland. Half-processing frozen sea cucumbers are not only 15% less profitable than dried ones, but also imply elevated shipping costs since frozen individuals weigh only 50-70% less than fresh ones after catch, while percentage is reduced to 5% for dried cucumbers.
A great market opportunity exists for a profitable fishery and processing industry to be developed by means of TOBALAT novel technology in European countries with high sea cucumber potential such as Norway, Ireland, Scotland, Denmark, Netherlands, or Germany.
TOPBALAT consists of (i) A trawl highly-effective (>90%), respectful with the environment (<5% by-catches), and 30% cheaper than current sky-dredges; and (ii) An accurate processing machinery integrating all manipulating steps almost without man-power (<92%) producing top-quality dry sea cucumbers to be exported at competitive cost. Thus, the whole value chain of getting dry Bêche-de-mer is definitively improved.
AURORA SEAFOOD, the applying SME, forecasts €35.7 M cumulative revenues (2020-2022), with €5.5 M profit, and staff increase by 15 people. Payback period is 1 year, and profitability ratio by 2022 will
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- agricultural sciences agriculture, forestry, and fisheries fisheries
- natural sciences biological sciences biochemistry biomolecules proteins
- social sciences sociology industrial relations automation
- social sciences economics and business business and management business models
- engineering and technology electrical engineering, electronic engineering, information engineering electronic engineering sensors
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.3.2. - SOCIETAL CHALLENGES - Food security, sustainable agriculture and forestry, marine, maritime and inland water research, and the bioeconomy
MAIN PROGRAMME
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H2020-EU.3.2.5. - Cross-cutting marine and maritime research
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H2020-EU.3.2.3. - Unlocking the potential of aquatic living resources
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H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument
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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.
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.
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.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-SMEInst-2016-2017
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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.
210 GARDABAER
Iceland
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
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.