Periodic Reporting for period 1 - NEMAQUA (Nematodes as the world first pathogen free, ready-to-use and sustainable live feed for larval aquaculture industry)
Période du rapport: 2015-10-01 au 2016-03-31
The target market is indeed undersupplied and eager to find new sources of supply. Benchmarked against the current best practice solution in the market, the new solution can be produced and offered competitively against the current best practice which uses Artemia as source of live feed
The financial analyses comes to the clear result that the economic data raised in the project find Nemaqua to be a robust product with excellent profitability.
Furthermore, a market study fully confirms the market assumptions made in the project proposal.
In the commercial feasability study the current IP stiuation was reviewed for rtisks and possible own filing. Next the reliable data raised in the technical part of the study was used to calculate the magnitude of investment needed to establish a production line for market introduction. Based on these learnings the production cost per unit was found to be in an acceptable range. The necessary steps and cost involved with a successful marketing approach to introduce the new technology to its target market were assessed. With the results from these partial efforts a financial analysis for the implementation of the full project at industrial scale was conducted. The result is positive and the conducted stress test provides the information that the project is financially robust.
The project delivers the first first pathogen free, ready-to-use and sustainable live feed for larval aquaculture industry that is industrially produced and does not use any marine ressources during the process. This can sustain further growth for the aquaculture industry and relieve the dependency of a global industry from one major feedstock that so far is difficult to replace. From a European perspective this will reduce dependency on imports as the state of the art products are not made here."