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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.

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

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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