Objective
Deep fryers are essential for restaurant and food companies, however they: Are energy inefficient (<70%); Generate millions of litres of waste oil/year in Europe; Are not eco-friendly: Waste oil is harmful and is later found in rivers, lakes, etc; Produceburnt, greasy and unhealthy food if not used properly; Can produce toxic elements. Some of them are carcinogenic;Deteriorate oils, through the processes of oxidation and hydrogenation, leading to a loss of unsaturated fats and an increasein trans-fats; Cause labour hazards and are responsible for a significant number of serious accidents; Must be supervised bysemi-skilled, trained employees all the time to prevent food from burning and to prevent the danger of starting a fire or beinginjured; Have high costs of installation and maintenance: require exhaust ducts and fire protection systems. Also, theyshould have a specific insurance and receive periodic inspection and testing.
QualityFry have developed a new enclosed and automated, commercial deep fat fryer, called FC-Unlimited, that has thefollowing unique selling points: Reduces the level of energy and oil required to prepare fried products; Healthier foodbecause it avoids the migration of oil into the final fried product; No need for trained or specialist staff; No need for fumeexhaust or fire safety certificates; Consistent, high quality of food; Can be installed anywhere; Modular and flexible set up tomeet end-client needs; Eliminates fire hazards and the risk of burns.
The technology is currently at a prototype level and needs the support of the SME Inst. to scale up production to an industriallevel and demonstrate the product to future clients.
We estimate that we will sell 526u in the first year of commercialisation, and reach up to 4,361 by 2023. The project has anet present value of 3.3M€ on the initial investment of 2M€ when considering a discount rate of 25%, with an IRR of 66%.Cumulative returns during the first 5 years reach 15.7M€.
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.
- natural sciences computer and information sciences internet
- natural sciences chemical sciences electrochemistry electrolysis
- social sciences sociology industrial relations automation
- natural sciences earth and related environmental sciences atmospheric sciences climatology climatic changes
You need to log in or register to use this function
We are sorry... an unexpected error occurred during execution.
You need to be authenticated. Your session might have expired.
Thank you for your feedback. You will soon receive an email to confirm the submission. If you have selected to be notified about the reporting status, you will also be contacted when the reporting status will change.
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.
-
H2020-EU.3.2. - SOCIETAL CHALLENGES - Food security, sustainable agriculture and forestry, marine, maritime and inland water research, and the bioeconomy
MAIN PROGRAMME
See all projects funded under this programme -
H2020-EU.3.2.4. - Sustainable and competitive bio-based industries and supporting the development of a European bioeconomy
See all projects funded under this programme -
H2020-EU.3.2.1. - Sustainable agriculture and forestry
See all projects funded under this programme -
H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument
See all projects funded under this programme -
H2020-EU.3.2.2. - Sustainable and competitive agri-food sector for a safe and healthy diet
See all projects funded under this programme
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-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.
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 callCoordinator
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.
28042 MADRID
Spain
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.