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ARTIFICIAL INTELLIGENCE SUPPORTED CONSULTANCY SYSTEM FOR FISH PROCESSING OPTIMIZATION

Project description

Optimising the value chain in fish processing

Intense fishing practices are rapidly depleting fish stock, yet restricting harvests would cause increased unemployment and harm the economy of many nations. Better sustainability of fish stock can be achieved by improving efficiency along the value chain (harvesting, processing, wholesale/retail), thus reducing waste. The EU-funded VALKA project has developed a cloud-based consultancy system for fish processing. It intends to validate the system's efficiency and prepare commercial and financial plans for its launch. Based on catch reports from fishing vessels, the system matches available supplies with market demands and recommends optimal courses of action for processing. Maximising the value of harvests not only increases profits but also helps to sustain precious fishing resources.

Call for proposal

H2020-EIC-SMEInst-2018-2020

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Sub call

H2020-SMEInst-2018-2020-1

Coordinator

VALKA EHF
Net EU contribution
€ 50 000,00
Address
Vesturvor 29
200 Kopavogur
Iceland

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Region
Ísland Ísland Höfuðborgarsvæði
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Other funding
€ 21 429,00