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METAMORFOSIS SIGNED

Disrupting the sports nutrition market with a healthy, high-performance, bee product-based energy gel in highly innovative compostable packaging

Total Cost €

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EC-Contrib. €

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Partnership

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 METAMORFOSIS project word cloud

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

energy    andorra    distributor    nutrition    class    thereof    capture    gross    suppliers    barcelona    world    optimal    100    register    metamorfosis    store    37    endorsed    reducing    backed    delicious    net    performance    897    margin    while    distributors    pipeline    gels    specialists    budget    2017    disrupt    sticky    retailer    cumulative    industrialise    711    healthy    network    42    digest    fact    launch    made    sales    colonies    natural    online    empty    market    deep    ipr    fast    taste    ends    grant    littering    protection    708    cagr    gel    countryside    76bn    conduct    international    compostable    1bn    first    stars    patent    retail    3rd    2025    bee    total    almost    5m    35m    environmentally    generate    beelife    requested    licence    650    012    nutritionists    distribute    spain    1    endurance    sports    27    packaging    sourcing    unpleasant    sub    ingredients    organisation    2    revenues    protecting    single    producer    refine    evil    brand    parties    clients    hard    donation    commercialisation    plastic    irr    pollution    ebitda    b2b    b2c    hygienic    packed    food    countries   

Project "METAMORFOSIS" data sheet

The following table provides information about the project.

Coordinator		 FOOD SOURCING SPECIALISTS SL 

Organization address
address: CALLE RAMBLA DE CATALUNYA 38 P 8
city: BARCELONA
postcode: 8007
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 Spain [ES]
 Total cost 2˙711˙011 €
 EC max contribution 1˙897˙708 € (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-2018-2020-2
 Funding Scheme SME-2
 Starting year 2019
 Duration (year-month-day) from 2019-09-01   to  2021-08-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    FOOD SOURCING SPECIALISTS SL ES (BARCELONA) coordinator 1˙897˙708.00

Map

 Project objective

While energy gels are widely used in endurance sports, they are not currently user- or environmentally-friendly: A) hard-to-use empty gel packaging made from single use plastic ends up littering the countryside, B) they are far from natural or healthy, C) taste unpleasant and D) offer sub-optimal sports performance. In fact, gels are considered a necessary evil, yet it’s a fast-growing market of almost €1bn in 2017, expected to reach €1.76bn by 2025 (8.1% CAGR 2017-27). Metamorfosis' gels address these issues: they are packed in our compostable packaging, which is hygienic and non-sticky; are made with delicious bee products and other 100% natural, easy-to-digest healthy ingredients; and offer world-class sports performance. It is a world-first for a gel to be in compostable packaging, which we will patent and licence to 3rd parties.

Our project is backed by research and endorsed by sports stars and nutritionists. In the Phase 2 project we will refine gels & packaging, industrialise Metamorfosis, register all IPR and generate pre-launch awareness & a strong sales pipeline.

We are Food Sourcing Specialists, S.L., a well-established Barcelona-based healthy/sports food producer, distributor & retailer with deep sector knowledge, over 650 B2B clients & an online B2C retail store. We will conduct our own distribution in Spain/Andorra and distribute in other countries via our existing network of international suppliers/distributors. Our aim is to disrupt the market, capture 2% thereof 5 years from product launch (€35m/year net sales) & become the leading 100% natural sports nutrition brand, while reducing plastic pollution & protecting bee colonies, including a 1% donation of revenues to BeeLife (bee protection organisation).

Total budget: €2,711,012. Grant requested: €1,897,708. After 5 years of commercialisation, we expect a 42% gross margin, 37% IRR and €7.5m cumulative EBITDA.

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

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