Objective
Question: What is the main cost driver of aquaculture? Answer: Feed. As protein intake of farmed fish comes mainly from wild caught animals and transgenic soybean flours, feed cost accounts for up to 60% of sales. Overall, commercially available solutions are limited in quantity, nutritionally unsatisfactory, financially unbalanced and ecologically disastrous.
Innovafeed is an ambitious start-up in the aquaculture industry, set to revolutionize how fish farmers and ingredient manufacturers apprehend feeding, by bringing economic and environmental sustainability to insect farming. IFASA’s objective is to scale-up the innovative, sustainable, proprietary and cost-effective insect-based production technology the company has developed. It will allow the transformation of low-value agricultural by-products, into high quality nutrients for aquaculture, thereby answering the needs expressed by feed companies, fish and land farmers.
This technology is based on Innovafeed’s and its partners’ long lasting expertise in optimizing an insect rearing process and obtaining a product answering fish nutritional needs, as embodied in a first lab-scale production unit able to produce small batches of insects. It also strongly benefits from the company’s market proximity, as 85% of fish farmers already contacted have expressed a strong interest for the project and 12 asked to be supplied with some insect-based feed as soon as possible.
During phase 1, Innovafeed will scale-up its farming unit by (a) optimizing the egg production and breeding systems, (b) pursuing regulatory and scientific lobbying initiatives, (c) refining its IP and business strategies, (d) testing the nutritional properties of its feed and (e) continuing on site tests to prepare for phase 2. The main deliverable will be an updated business plan enabling Innovafeed to seize this huge business opportunity. This feasibility study is an essential first step before large-scale industrial production.
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
- medical and health sciences health sciences nutrition
- agricultural sciences agriculture, forestry, and fisheries agriculture
- natural sciences biological sciences zoology entomology
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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.
80190 NESLE
France
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.