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INTERnational COmmercialization of innovative products based on MicroalgaE

Objective

Microalgae are an inexhaustible source of proteins, lipids, pigments, vitamins or carbohydrates, among others. Therefore,
they find potential commercial applications in several sectors of economic activity. Some of them are already commercially
viable, i.e. in aquaculture, agriculture, human nutrition or cosmetics, while some others still need R&D to be further
developed, i.e. in bioenergy or pharma. In addition, bearing in mind that microalgae are the most efficient natural CO2
capturing system, are very productive and do not compete with fertile lands, they have potential to simultaneously contribute
to palliate the big crisis humankind is facing: environmental sustainability, energetic efficiency, and food security.
AlgaEnergy, a solid Spanish biotechnology based SME, did identify this potential. Since its establishment, it has served as a
vehicle to consolidate the existing knowledge within the scientific field of microalgae in Spain -a recognized international hub
in the matter-, which was dispersed across universities. Using it as a stepping stone, it has been investing in generating
further R&D in order to scale-up the processes and develop ready to market products, so that the achievements in the lab
phase reach also the society. Within this task, AlgaEnergy has recently been able to reach a semi-industrial scale (TRL 7)
with the start of the first phase operations of its semi-industrial plant in South of Spain, which captures real flue gas
emissions directly from the second biggest combined cycle plant in Europe, being a worldwide premiere. Therefore,
AlgaEnergy is now ready to orientate its technology towards the commercialization of its already commercially viable
products. INTERnational COmmercialization of innovative products based on MicroalgaE (INTERCOME– the second phase of the SME Instrument project
ALGAEPRINT) is based on the commercial orientation that is needed to make AlgaEnergy financially autonomous, after
millionaire resources and 8 years of efforts invested in applied R&D.

Call for proposal

H2020-SMEINST-2-2016-2017
See other projects for this call

Coordinator

ALGAENERGY SA
Address
Avenida De Europa 19
28108 Alcobendas Madrid
Spain
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
EU contribution
€ 1 698 506,43