CORDIS
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CORDIS

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Innovative biomaterials production from wine industry waste

Project information

Grant agreement ID: 805055

Status

Closed project

  • Start date

    1 March 2018

  • End date

    31 December 2019

Funded under:

H2020-EU.3.2.4.

H2020-EU.3.2.1.

H2020-EU.2.3.1.

H2020-EU.3.2.2.

  • Overall budget:

    € 801 875

  • EU contribution

    € 561 312

Coordinated by:

VEGEA SRL

Italy

Objective

Vegea is a young start-up with a solid chemical background with long experience in natural polymers and industrial processes, constituted by researchers coming from the academy with a strong entrepreneurial inclination. It has already received several awards recognizing the value of its disruptive innovation, such as Start&Cup Award-2015, Start&Re-Start-2016, and H&M Global Change Award-2016 for a total funding of more than €300.000. The main scope of VegeaTextile project is the deployment of an absolute breakthrough innovation demonstrating a novel, cost-effective and eco-friendly process for the production of organic textile and introducing in the European leather goods market a new kind of bio-textile using a non-animal and renewable raw material, considered up today an agricultural waste: the grape marc. In fact, the production process can be classified “low impact” for the environment since it makes minimal use of chemical reagents or additional water, and at the contrary, it produces reusable water from the grape marc exsiccation (60% w/w). Our innovation will allow leather goods manufacturers to answer to the increasing customers’ awareness about environmentalist and animalist concerns, to propose a new product with same quality of common leather and, at the same time, to find an alternative and renewable raw material, helping them to overcome stringent regulations about animal treats and tanning processes. Upon project length we aim at industrializing the process production by 2022, reaching a forecasted production capability of 4.5 million m2/yr, the ambitious business objectives of € 8,64 million net profits over 4 yrs of commercialization (2022), and consequently a greater-than-market ROI (26%) and profitability (22%). For the launch of VegeaTextile by 2019, we foresee a total investment of more than €900.000, of which €801.875 budgeted for the Phase-2.

Coordinator

VEGEA SRL

Address

Via Giuseppe Verdi 12
24121 Bergamo

Italy

Activity type

Private for-profit entities (excluding Higher or Secondary Education Establishments)

EU Contribution

€ 561 312

Project information

Grant agreement ID: 805055

Status

Closed project

  • Start date

    1 March 2018

  • End date

    31 December 2019

Funded under:

H2020-EU.3.2.4.

H2020-EU.3.2.1.

H2020-EU.2.3.1.

H2020-EU.3.2.2.

  • Overall budget:

    € 801 875

  • EU contribution

    € 561 312

Coordinated by:

VEGEA SRL

Italy