EU H2020 Project "GEOBONE (geoBone: A Unique Mineral Supplement for Bone Health and Prevention of..)": description, partecipants, costs and EC-fundings

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geoBone project word cloud

Explore the words cloud of the geoBone project. It provides you a very rough idea of what is the project "geoBone" about.

concentrations geothermal plants offers intake absorb insufficiency byproducts besides profit feasibility launch global highest water connective sustainability clinicians osteoporotic osteopenia validating healthcare progressive risk power advancing roi osteoporosis bio minerals purifies drinkable warrant coming market cover proportionally commercial lower health inadequate form absorbable severe benefits architecture silica finalising million poorly disruption adult absorption fractures begins diet natural hindered population presentation 11 bone despite supplement list hire tissue company grows fracture geobone financial serve calcium density huge rates public dietary industrialising people readiness concentration secure standpoints 200 society ageing recommend gain chronic environment mineral mineralization accompanied poor minor capability age geosilica supplements 37billion

Project "geoBone" data sheet

The following table provides information about the project.

Coordinator	GEOSILICA ICELAND EHF Organization address address: GAENASBRAUT 506 city: REYKJANESBAER postcode: 235 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	Iceland [IS]
Project website	http://geosilica.is
Total cost	71˙429 €
EC max contribution	50˙000 € (70%)
Programme	1. H2020-EU.3.2.4. (Sustainable and competitive bio-based industries and supporting the development of a European bioeconomy) 2. H2020-EU.3.2.1. (Sustainable agriculture and forestry) 3. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument) 4. H2020-EU.3.2.2. (Sustainable and competitive agri-food sector for a safe and healthy diet)
Code Call	H2020-SMEINST-1-2016-2017
Funding Scheme	SME-1
Starting year	2018
Duration (year-month-day)	from 2018-02-01 to 2018-05-31

#	participants	country	role	EC contrib. [€]
1	GEOSILICA ICELAND EHF	IS (REYKJANESBAER)	coordinator	50˙000.00

GEOSILICA ICELAND EHF

IS (REYKJANESBAER)

coordinator

50˙000.00

Project objective

The progressive ageing of the population is coming accompanied by a long list of chronic conditions. Among them is the loss of bone density, a natural process that begins after the age of 30. The risk of fracture grows proportionally to the disruption of the bone architecture, advancing from minor osteopenia to severe osteoporosis, which is a global public health concern that affects today 200 million people. In the EU, the costs derived from osteoporotic fractures reach today €37billion. Although the reason for bone loss in the adult age is poorly understood, it is believed to be due to a lower capability to absorb minerals from our diet. Thus, in the adult age clinicians recommend the intake of mineral supplements to cover for the dietary insufficiency. Although most bone health supplements are based on calcium, it is the mineral silica the one with higher impact on bone mineralization. Despite its recognized effects on bone and connective tissue, its market uptake has been long hindered due to the low concentration, low bio-availability, inadequate presentation and poor absorption rates of current supplement products. In response, we at geoSilica have developed geoBone, a silica-rich drinkable supplement that offers this mineral in high concentrations and in the highest bio-absorbable form. Its properties result from our unique production method, which purifies silica from the mineral rich water byproducts of geothermal power plants. After validating the concept and production sustainability, this project aims to take geoBone to market readiness by finalising its development & industrialising its production process. The Feasibility Study planned in Phase 1 will serve to warrant the project from all technical, commercial & financial standpoints. Besides bringing huge benefits for society, healthcare and environment, geoBone will secure the growth of our company. In 5 years from market launch we expect to hire 11 new people and gain €10 million in profit (ROI 8.2)

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

More projects from the same programme (H2020-EU.3.2.4.;H2020-EU.3.2.1.;H2020-EU.2.3.1.;H2020-EU.3.2.2.)