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FAERSK SIGNED

FAERSK – Innovative fish processing and logistics solution

Total Cost €

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EC-Contrib. €

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Partnership

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 FAERSK project word cloud

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

chains    industry    revolutionary    pressure    boxes    naturally    additives    retail    launch    index    200    plant    financial    chain    transport    2020    initially    fishery    at    single    winning    commercial    acclaim    fit    obtain    portfolio    supermarket    certifications    thanks    annual    massive    vacuum    cured    reduce    van    business    tv    wrapped    salmon    plan    turns    days    solution    savings    cut    innovations    q3    favorable    head    free    faersk    won    distributors    sellable    180    intellectual    assisted    sale    12bn    antioxidants    fuel    customers    strengthen    envisioned    regulations    highest    revenues    chefs    turning    employees    shipping    loaded    move    market    eps    validate    grow    first    ip    alone    nutritious    packaging    freshness    feasibility    buy    arctic    360m    day    pilot    additive    payload    usa    catch    spoilage    net    preserve    color    phosphates    baked    final    ice    perform    fillets    patented    secondary    sustainability    dry    team    comply    source    property    beta    model    mass    fish    journey    haul   

Project "FAERSK" data sheet

The following table provides information about the project.

Coordinator
ARCTIC IP INVESTMENT AB 

Organization address
address: VARESVUORENKATU 5
city: SALO
postcode: 24240
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 Finland [FI]
 Project website http://www.arcticip.fi/H2020SME1
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-1
 Funding Scheme SME-1
 Starting year 2018
 Duration (year-month-day) from 2018-07-01   to  2018-12-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    ARCTIC IP INVESTMENT AB FI (SALO) coordinator 50˙000.00

Map

 Project objective

At Arctic IP, we want to bring nutritious, additive-free fish to the mass market. Today, fish that you buy in the supermarket is loaded with phosphates and antioxidants to preserve its color and reduce spoilage during its 10-day journey from catch, to a secondary processing plant, to consumer. With our patented FAERSK solution, we are turning turns today’s fish processing and distribution chain on its head. Using 2 patented innovations, the fish is cut into fillets and wrapped in the final packaging for transport and sale, all at the source fishery. And thanks to our vacuum-assisted pressure technology, the fish is dry cured naturally during transport. No need for additives, ice or single-use EPS boxes. FAERSK enables catch-to-consumer within 5 days, with the highest freshness index in the market. Sustainability is baked into our revolutionary business model – by shipping fillets only, the payload (net sellable product) for the average long-haul transport van increases by 200% creating massive fuel savings. FAERSK salmon fillets have won the acclaim of leading European supermarket chains and TV chefs. In Europe alone, we initially target the €12Bn retail salmon market. Funding and support from this phase 1 feasibility project will allow us to: 1) perform selected testing with first distributors to test product-market fit; 2) strengthen our Intellectual Property portfolio, comply with EU and USA regulations and obtain industry certifications and; 3) assess the feasibility of our business model and develop a market-winning business plan including a financial plan. A favorable feasibility study and detailed business plan will allow us to move forward and develop a Beta product that we plan to validate in a large-scale pilot with real customers, as part of our envisioned phase 2 project. with a planned commercial launch in Q3 2020, we aim to bring in €360M in annual revenues and grow our team to 180 employees.

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

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