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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.

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

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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