Opendata, web and dolomites

Materialize.X

Smart Bio Adhesives for the Wood Industry Powered by Machine Learning

Total Cost €

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EC-Contrib. €

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Partnership

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 Materialize.X project word cloud

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

round    wood    streams    too    boards    line    alternative    regulations    formaldehyde    proprietary    grade    hardware    software    pct    company    biologically    soy    works    countries    lignin    react    investment    dual    quantities    submitted    pressed    press    epa    2016    trial    350    patented    restrictive    faster    pushing    connected    250    team    valued    raised    error    market    fee    license    successfully    tightening    there    december    fees    closing    expensive    environment    manufacturers    humans    tightly    industrial    slow    integrate    adhesive    innovation    cope    15    engineered    scalable    industry    model    manufacturing    engineering    leader    interconnected    revenue    members    health    uk    putting    business    cancer    compliant    optimization    adds    fund    trouble    productivity    adhesives    materialize    feedstock    sustainable    billion    experiencing    cheaper    eco    toxic    2018    450    founded    global    saas    bio    regulation    globally    angels   

Project "Materialize.X" data sheet

The following table provides information about the project.

Coordinator
MATERIALIZE.X LIMITED 

Organization address
address: FLAT 2 1 FYFIELD ROAD
city: LONDON
postcode: SW9 7HW
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 United Kingdom [UK]
 Project website http://www.materializex.com/
 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 2018-08-01   to  2018-12-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    MATERIALIZE.X LIMITED UK (LONDON) coordinator 50˙000.00

Map

 Project objective

There is currently no scalable, sustainable and non-toxic adhesive for the engineered wood industry. Manufacturers are having trouble to cope with more restrictive regulations (EU REACH, EPA) on formaldehyde-based adhesives for engineered wood products. Some manufacturers are experiencing around 15% productivity loss due to recent regulation tightening. Current adhesives are toxic to humans and have been connected to health problems (i.e. cancer), and new bio-based adhesives such as soy or lignin are not available in large quantities, are too slow to react in the press and too expensive At Materialize.X, we have developed a biologically based adhesive that works within an industrial environment and is produced from an alternative feedstock, compliant with current regulations. On top of that, we offer a support software for optimization of production. Our software and hardware are tightly interconnected: by modelling the manufacturing process, we can integrate our adhesive into the production line much faster and cheaper than with current trial and error methods. Our company was founded in December 2016, and our team of 5 members has been able to successfully produce industrial-grade wood engineered pressed wood boards. To fund our innovation development and go to market we have already raised 350.000€ from business angels and are now closing a 450.000€ investment round. The adhesives market is valued at €50 billion/year and the engineered wood market at €250 billion euro/year (in 7 EU countries it adds to €20 billion). Our business model is based on dual revenue streams: SaaS fees for the software and a license fee for the use of our proprietary adhesive (UK patented, PCT to be submitted in May 2018). We expect Materialize.X to become the main bio-based adhesive in the EU and globally, pushing for formaldehyde phase-out and putting the European wood engineering industry at the global leader in eco-innovation.

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

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