Periodic Reporting for period 2 - BLOSTER (Innovative biopesticides production: valorisation of endemic plants and green industrial residues)
Reporting period: 2016-07-01 to 2017-12-31
Enhancing profitability and growth of KIMITEC as the biopesticides producer&distributor, by the acquisition of own and third parties’ knowledge on the production of novel bioactive substances with specific biocidal impacts on selected pests affecting important crops at EU and Global level such as tomato and peppers. KIMITEC estimation accounts for 1% of the expected global turnover (45-50M€)
Increase the investment of KIMITEC in innovation associated to the new biopesticides based on former R&D investments and improve the competitiveness of European businesses active in plant protection by securing competitive high-quality products. KIMITEC's strategy in the EU market is to form Task Forces with large multinational companies that are interested in our products, so that registration costs are shared among all partners of the Task Force.
Seizing global business opportunities by taking advantage of conventional and organic farming market demands on residue free products, with no harvest intervals, which are certified for Organic use and can be used within the IPM to fulfil: current legislative framework, and the even more restrictive private standards imposed by the larger food retailers. In priority 1 countries, USA, Mexico, Brazil, China and Chile, KIMITEC will have its own delegation throughout 2018
Preserving biodiversity by the use of biopesticides promoting the sustainable production with no negative environmental effects on soil, water, and living organisms’ health, and by optimising the cultivation of an endemic plant SAMO which is on extinction danger.
Ensuring efficient use of resources and sustainable economic growth by the replacement of chemical products by eco-products in farming practices and substantial waste reduction converting residues from saffron and wine production into resource (W2R) and by reducing crops losses due to the pests’ infestations.
Disseminate the project results amongst the broadest audience possible focus on key stakeholders and thus support BLOSTER products market penetration.
The production of the bioactive substances with biocidal activity against the proposed pests, has been successfully demonstrated. The results have been patented. By upscaling the BLOSTER production technologies and formulation of the products according to the requirements of farmers, a significant impact is expected, the market value for the new BLOSTER series of biopesticides can be estimated in more than 1.2 million in the first year of commercialisation