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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.

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

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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