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Value Omega 3 and Astaxanthin products from SeaAlgae

Objective

Omega-3 is an essential oil required by the body for proper functioning. It protects from cardiovascular diseases and
improves the development and functioning of the skin as well nervous and visual system. Astaxanthin is a carotenoid
pigment and is one of the most effective antioxidants to support human health.

The global demand for Omega-3 and Astaxanthin for human consumption will require large quantities of both products:
260.000 tonnes of Omega-3 and 670 tonnes of Astaxanthin per year. This growing demand comes mainly from health
conscious customer segment. This segment is also very interested in buying natural and eco-friendly products. However,
their traditional extraction process from marine organisms (mainly fish and krill) is not sustainable: over fishing, high energy,
raw materials consumption and a low efficiency. The majority of the marine resources are fully exploited or overexploited.

The SME Neoalgae has designed an eco-innovative and sustainable industrial bioprocess for obtaining Omega-3 and
Astaxanthin using marine microalgae as a natural source. This system is the answer to the growing demand in Omega-3 and
Astaxanthin, especially in nutraceutical, cosmetic and pharmaceutical applications. With the new process, production of
Omega-3 and Astaxanthin will not affect marine resources. Both products will be free of pollutants, without fishy aftertaste
and odour free, apt for vegans, and with competitive and stable production costs.

After the feasibility of the new products has been proved at a technical and market level, this SME-2 project will scale-up the
production of both compounds and will demonstrate their effectiveness through their inclusion in nutraceuticals and in new
ecological products for the treatment of 3 skin diseases: acne, atopic skin and aging skin produced by the SME Bicosome.
Both companies will benefit from a dramatic boost in their sales and improve their market positions, as well as
internationalising their businesses.

Fields of science (EuroSciVoc)

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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

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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

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Coordinator

NEOALGAE MICRO SEAWEEDS PRODUCTS SL
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.

€ 823 911,38
Address
C/ CARMEN LEAL MATA 191
33211 Gijon
Spain

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SME

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

Yes
Region
Noroeste Principado de Asturias Asturias
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.

€ 1 177 016,25

Participants (1)

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