Objective
Our company, CURIO ltd., founded in 2007, is one of the Icelandic leading developers and manufacturers of fish processing machinery. With a team of 40 people, we design, produce, and commercialize three types of high performance fish processing machines (i.e. heading, filleting, and skinning), and a reference of knife sharpening. Currently, we sale our machinery to over 100 of the main fish processing companies worldwide. This close contact with the fish processing industry enabled us to identify a new market niche to be exploited: Inefficient practices and lack of specialized machinery during fish processing (more specifically during collarbone cutting), which translate in the underutilization or even wastage of tons of fish meat every day. In this sense, and given our commitment with fish processing optimization, we developed 4CWhite: the first computer controlled fish processing machine designed to cut the collarbone of different de-headed whitefish species. In this way, 4CWhite will increase the loin yield up to 2% to be profitable in further processing, in comparison with current alternatives (i.e. mainly manually cutting or by in-house adapted heading machines) that represent a loin wastage up to 8%. 4CWhite’s productivity (20,000 fish/day), extended service life (>15 years), reduced labour requirements (only one operator) demonstrate that it is the best value for money solution to increase the efficiency of this step of fish processing and promote a more sustainable use of oceans resources. Based on 4CWhite sales on demand among the major whitefish processors from Nordic and North-western European countries, we expect to sell at least 200 4CWhite units by 2022, reaching a market share around 8%. Our financial figures forecast €58 million of cumulative revenues for the period 2020 - 2022 with a total gain profit of about €11.6 million and a labour force increase of 50% (20 new operators).
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
- social sciences sociology industrial relations automation
- social sciences economics and business economics production economics productivity
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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.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs
MAIN PROGRAMME
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H2020-EU.3. - PRIORITY 'Societal challenges
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H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies
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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-EIC-SMEInst-2018-2020
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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.
220 Hafnarfjordur
Iceland
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.