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geoBone

geoBone: A Unique Mineral Supplement for Bone Health and Prevention of Osteoporosis SustainablyProduced from Geothermal Resources through a Ground-breaking Process.

Total Cost €

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EC-Contrib. €

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Partnership

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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.

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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

 Partnership

Take a look of project's partnership.

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

Map

 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.

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