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TOPBALAT SIGNED

Setting up high-value sea cucumber chain in Europe through a new fishing gear with no environmental impact and advanced processing equipment

Total Cost €

EC-Contrib. €

Partnership

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Outcomes and
results

TOPBALAT project word cloud

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

huge 70 diversification global fisheries manoeuvrability companies commercialise sc risk harvest resource creation industries 5 led introduction tackles icelandic valued sea fishing topbalat 90 innovations specificity 325 integrative dried 20 cucumber tap saves claiming fishery world manual market upper economical assure labour catching iceland profitability 2022 poses species components first time processed aurora exploited business revenues discards efficient meat secondly 25 sme asian commercial firstly total innovation gross class prices dry country accumulated automated china goods scotland final sustainable industry markets comprising chain middle norway efficiency intensive economy international demand catches competitive ireland seafood gear percentage sales material jobs creates raw incipient lies

Project "TOPBALAT" data sheet

The following table provides information about the project.

Coordinator	AURORA SEAFOOD EHF Organization address address: HLIDARBYGGD 29 city: GARDABAER postcode: 210 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	Iceland [IS]
Project website	https://www.topbalat.com/
Total cost	2˙436˙825 €
EC max contribution	1˙705˙777 € (70%)
Programme	1. H2020-EU.3.2.5. (Cross-cutting marine and maritime research) 2. H2020-EU.3.2.3. (Unlocking the potential of aquatic living resources) 3. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
Code Call	H2020-SMEINST-2-2016-2017
Funding Scheme	SME-2
Starting year	2017
Duration (year-month-day)	from 2017-09-01 to 2020-06-30

Partnership

Take a look of project's partnership.

#	participants	country	role	EC contrib. [€]
1	AURORA SEAFOOD EHF AURORA SEAFOOD EHF Organization address address: HLIDARBYGGD 29 city: GARDABAER postcode: 210 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.	IS (GARDABAER)	coordinator	1˙705˙777.00

Map

Project objective

AURORA SEAFOOD is the Icelandic SME currently leading the incipient Sea Cucumber (SC) industry in Iceland —the leading country in the SC business in Europe. The seafood fishery and processing industries are claiming for long-term sustainable and efficient innovations that assure the economical profitability of business. Firstly, the high percentage of the costs of raw material, due to low availability of traditional species at sea, creates the need for species diversification. Europe still has huge potential to exploit other species highly valued in international markets. Secondly, the intensive manual labour in the production of seafood goods poses a risk. TOPBALAT represents an integrative approach to establish for the first time in Europe an advanced SC value chain comprising SC fisheries and processing industry. SC have a high commercial value, and global demand is increasing led by China, the first economy of the world. The innovation of TOPBALAT lies in the resource exploited, the SC-specificity of the technology, and the way our technology components set up a value chain for the whole business. Our approach tackles fishing, automated processing and distribution, and allows for other companies to tap on this market with the introduction of European processed dry SC at competitive prices in the Asian market. TOPBALAT’s specific SC technology saves costs: 20% less total costs due to increased manoeuvrability, reduced gear loss, increased catching efficiency (70%), reduced by-catches (5%), only 5% of meat discards in the processing, and 90% less distribution costs. AURORA will commercialise the final product (dried whole fully processed SC) and the technology to harvest and produce it. TOPBALAT’s product target users are the middle-upper class in China, and our technology target users are seafood companies in Norway, Scotland and Ireland. By 2022, we expect sales of 325 tonnes of processed SC, accumulated gross revenues of €25.2 M, and 7-10 new jobs creation.

Deliverables

List of deliverables.
Website to disseminate information on the project	Websites, patent fillings, videos etc.	2019-09-02 12:03:30

Take a look to the deliverables list in detail: detailed list of TOPBALAT deliverables.

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