Skip to main content
Go to the home page of the European Commission (opens in new window)
English English
CORDIS - EU research results
CORDIS

Boost BLUE economy trough market uptake an innovative seaweed bioextract for IODINE fortification II

Objective

Blue iodine II is a resubmission of a proposal submitted in November 2015 that was approved (with a mark of 13,42/15) however not funded. In the last 5 months we have advanced in our idea, contacting new distributors, studying better the commercialisation strategy of our competitors and advancing in the support for the clinical study.

The main objective of the project is to produce in a cost effective way new high quality seaweed iodine products focusing in solving the iodine deficiency demonstrated in 3 main target groups (children, pregnant and breastfeeding women and elderly). These groups. have particular iodine need and nowadays there is no product in the market specialized for children nor elderly and there is not yet a clear leader in products for natural iodine support for pregnant and breast feeding women

The expected profit in 5 years will be 4.5 million euro and we hope to have a ROI of 1.9 years (taking into account the cost of the innovation project for UBQ). We expect to increase our staff in 11 people, including technical and commercial personnel.

Iodine deficiency is one of the three most common nutritional deficiencies and is spread all over the world, according with the World health Organization (WHO) . 40% of the world’s population remains at risk for iodine deficiency and only in Germany it has been estimated that Iodine insufficiency to cause a billion dollars in health care costs per year .
The Market for iodine products is expected to increase stably until 2020 being Europe the main regional market.

Of all foods, seaweed is the most famous and reliable source of natural iodine. Seaweed creation is dominated by larger players, mainly from Asia. Our strategy is not to compete with them, but follow the FAO advice and target for a niche market: we will differentiate our product in specialising in developing high quality seaweed products based on protein enrichment with natural iodine and rich in essential amino acids.

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: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.

You need to log in or register to use this function

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-2 - SME instrument phase 2

See all projects funded under this funding scheme

Call for proposal

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

(opens in new window) H2020-SMEInst-2016-2017

See all projects funded under this call

Coordinator

UBQ II LDA
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.

€ 803 478,38
Address
RUA VISCONDE DE ANADIA EDIFICIO ANADIA 5 ANDAR LETRA CC
9050-020 ILHA DA MADEIRA FUNCHAL
Portugal

See on map

SME

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

Yes
Region
Continente Centro (PT) Oeste
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Links
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.

€ 1 147 826,25
My booklet 0 0