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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.

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

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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