Objective
Truly high profits wait for those that take algae culture to the next level. This has been known to the food and animal-feed industry for some time, as bio-mass produced by microalgae is both immensely valued and highly priced. Bioactive compound of the micro-algae in question is 5 % of the algae mass and the price is 10.000€/kg. The remaining 95% are high quality proteins and lipids used for fish feed and later for food.
These highly valued and priced algae-based compounds are however a scarcity in today’s markets due to technical obstacles in algae farming as today’s reactors only enables harvest in areas where outdoor culture of microalgae is feasible.
The innovation in question offers a solution to this obstacle namely a tank based photo-bio reactor which has the potential to address the economical and social challenge of feeding the ever growing world population. The solution is highly productivity LED reactors for mass culture of microalgae. Presently being scaled up from 1000L to 5000L. The reactor enhances harvest/m2 by 400%, harvest by Kw hr. by 100%, lowers production cost by 30% and lowers capital cost by 20% and decreases losses in production from 30-50% down to 5%.
A pilot version of innovation has already yielded a “cash cow” for the applicant, based on the highly price valued 5% concentration of astaxanthin - the compound that makes salmon red. The compound will be sold as capsules in late 2017 to an Italian pharmaceutical corporation dedicated to creating novel medicines for the unmet needs of patients with rare diseases. The market’s demand proves what enormous potential that the photo-bio reactor has for food and animal-feed farming in Europe as well as for the pharmaceutical industry.
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 agriculture agronomy plant protection
- engineering and technology environmental biotechnology bioremediation bioreactors
- natural sciences biological sciences microbiology phycology
- engineering and technology other engineering and technologies food technology food safety
- natural sciences biological sciences biochemistry biomolecules carbohydrates
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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.3.2. - SOCIETAL CHALLENGES - Food security, sustainable agriculture and forestry, marine, maritime and inland water research, and the bioeconomy
MAIN PROGRAMME
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H2020-EU.3.2.4. - Sustainable and competitive bio-based industries and supporting the development of a European bioeconomy
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H2020-EU.3.2.1. - Sustainable agriculture and forestry
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H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument
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H2020-EU.3.2.2. - Sustainable and competitive agri-food sector for a safe and healthy diet
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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-SMEInst-2016-2017
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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.
221 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.