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Blue Iodine II

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

Total Cost €

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EC-Contrib. €

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Partnership

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Project "Blue Iodine II" 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://ubqmadeira.com/
 Total cost 1˙147˙826 €
 EC max contribution 803˙478 € (70%)
 Programme 1. H2020-EU.3.2.5. (Cross-cutting marine and maritime research)
2. H2020-EU.3.2.3. (Unlocking the potential of aquatic living resources)
3. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
 Code Call H2020-SMEINST-2-2016-2017
 Funding Scheme SME-2
 Starting year 2016
 Duration (year-month-day) from 2016-08-01   to  2018-12-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    UBQ II LDA PT (ILHA DA MADEIRA FUNCHAL) coordinator 803˙478.00

Map

 Project objective

Blue iodine II is a resubmission of a proposal submitted in November 2015 that was approved (with a mark of 13,42/15) however not funded. In the last 5 months we have advanced in our idea, contacting new distributors, studying better the commercialisation strategy of our competitors and advancing in the support for the clinical study.

The main objective of the project is to produce in a cost effective way new high quality seaweed iodine products focusing in solving the iodine deficiency demonstrated in 3 main target groups (children, pregnant and breastfeeding women and elderly). These groups. have particular iodine need and nowadays there is no product in the market specialized for children nor elderly and there is not yet a clear leader in products for natural iodine support for pregnant and breast feeding women

The expected profit in 5 years will be 4.5 million euro and we hope to have a ROI of 1.9 years (taking into account the cost of the innovation project for UBQ). We expect to increase our staff in 11 people, including technical and commercial personnel.

Iodine deficiency is one of the three most common nutritional deficiencies and is spread all over the world, according with the World health Organization (WHO) . 40% of the world’s population remains at risk for iodine deficiency and only in Germany it has been estimated that Iodine insufficiency to cause a billion dollars in health care costs per year . The Market for iodine products is expected to increase stably until 2020 being Europe the main regional market.

Of all foods, seaweed is the most famous and reliable source of natural iodine. Seaweed creation is dominated by larger players, mainly from Asia. Our strategy is not to compete with them, but follow the FAO advice and target for a niche market: we will differentiate our product in specialising in developing high quality seaweed products based on protein enrichment with natural iodine and rich in essential amino acids.

 Deliverables

List of deliverables.
Encapsulated extracts Other 2019-10-15 10:36:16
% Population with Iodine deficiency report Documents, reports 2019-10-15 10:36:16
Webpage Websites, patent fillings, videos etc. 2019-10-15 10:36:16

Take a look to the deliverables list in detail:  detailed list of Blue Iodine II deliverables.

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

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