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BLUE IODINE SIGNED

Boost BLUE economy trough market uptake an innovative seaweed bioextract for IODINE fortification

Total Cost €

0

EC-Contrib. €

0

Partnership

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Project "BLUE IODINE" data sheet

The following table provides information about the project.

Coordinator
UBQ II LDA 

Organization address
address: RUA VISCONDE DE ANADIA EDIFICIO ANADIA 5 ANDAR LETRA CC
city: ILHA DA MADEIRA FUNCHAL
postcode: 9050-020
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Portugal [PT]
 Project website http://www.ubqmadeira.com
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
2. H2020-EU.3.2. (SOCIETAL CHALLENGES - Food security, sustainable agriculture and forestry, marine, maritime and inland water research, and the bioeconomy)
 Code Call H2020-SMEINST-1-2014
 Funding Scheme SME-1
 Starting year 2015
 Duration (year-month-day) from 2015-02-01   to  2015-07-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    UBQ II LDA PT (ILHA DA MADEIRA FUNCHAL) coordinator 50˙000.00

Map

 Project objective

The main objective of the project is to produce in a cost effective way new high quality seaweed iodine products and become market leaders in this niche market. The expected revenue in 5 years will be 3,3 million euro and we expect to increase our staff in 20 people. Iodine deficiency is one of the three most common nutritional deficiencies and is spread all over the world and 40% of the world’s population remains at risk for iodine deficiency. Seaweed is the most reliable source of natural iodine. However, seaweed creation is dominated by larger players, mainly from Asia. Our strategy is not to compete with them, but target for a niche market that is yet incipient - high quality seaweed creation for the development of natural protein products, rich in essential aminoacids and natural iodine.

The seaweeds created in the fish aquaculture farms are autochthonous from our region and have a high iodine content and a high degree of stability. They are better than the products in the market (iodine composition 30% higher and vitamin C 300% higher than usually commercialized seaweed products) and with our already tested innovative biorefinary process we will be able to put the product in the market at a competitive price (10% to 30% lower).A nutritional analysis has been done. The biorefinary process has been developed for small production. This has now to be better defined in order to process a higher amount of products.

UBQ is a high-tech company, and are specialized in the production of natural extracts obtained from marine seaweed. For the 1st stage project, the objectives are to study the: 1.1. Refinement of the nutritional and biochemistry analysis of the selected seaweed 1.2. Requirements for upscale the innovative biorefinary process for a higher production 2.1. Refinement of the Market analysis at EU and global level 2.2. Business Plan, including defining in detail the prices, commercialization strategy, possible partnership.

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The information about "BLUE IODINE" are provided by the European Opendata Portal: CORDIS opendata.

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