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Opendata, web and dolomites

Materialize.X

Smart Bio Adhesives for the Wood Industry Powered by Machine Learning

Total Cost €

EC-Contrib. €

Partnership

Views

Outcomes and
results

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

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 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.	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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