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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.

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

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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