Opendata, web and dolomites

SEAGEM

Developing a process to bring a unique Icelandic natural food sea gem worldwide

Total Cost €

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EC-Contrib. €

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Partnership

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 SEAGEM project word cloud

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

natural    quarter    restaurant    ltd    marketing    sea    specialized    tiny    maintaining    icelandic    create    location    last    desirable    producers    distributors    lanosa    2023    solely    london    seagem    seas    ab    worldwide    finnish    importer    commercially    vertebrata    taste    marine    grow    ehf    at    revenues    reaching    2016    lives    gem    variety    season    supporting    restaurants    suppliers    gastronomic    noma    valuable    cuisines    supplied    plenty    biggest    denmark    will    20    embracing    food    true    rural    michelin    expert    6m    algae    wholesale    truffle    red    market    vegetable    nordic    rate    million    supplier    organism    countries    profit    star    vegetables    weather    count    preserve    customers    delicate    scandinavia    york    universities    innovative    margin    sell    flavour    industry    leader    laboratory    cultivated    10    continue    sustainable    baltic    resemblance    minimum    business    family    truffoir    islensk    hollusta    north    atlantic    oy    company   

Project "SEAGEM" data sheet

The following table provides information about the project.

Coordinator
ISLENSK HOLLUSTA EHF 

Organization address
address: SKUTAHRAUN 7
city: HAFNARFJORDUR
postcode: 220
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 http://islenskhollusta.is/
 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  2018-11-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    ISLENSK HOLLUSTA EHF IS (HAFNARFJORDUR) coordinator 50˙000.00

Map

 Project objective

At Islensk Hollusta Ehf we are leader suppliers of innovative food products from natural Icelandic resources. To continue on this path, we are now embracing a new and ambitious project: SEAGEM, to bring Vertebrata Lanosa, a true gastronomic gem, to worldwide cuisines. This sea vegetable solely lives in North-Atlantic Seas and it is a tiny marine organism from the red algae family with the resemblance of truffle taste. V. lanosa is a very delicate product as factors such as season, location and weather affect the flavour. If the conditions needed to create, process and preserve the most desirable variety were identified, they could be cultivated for use in the food industry, and this is what we have achieved. SEAGEM project we will develop the production process that will allow us to scale up the business and reach the wide market. The European market for sea vegetables was estimated to be €30 million at wholesale value in 2016 with a grow rate of 7-10% per year. However, although Europe has plenty of resources, only a quarter of the sea vegetable market is supplied by European producers. We count among our current customers with the two-Michelin-star restaurant Noma in Denmark, and other restaurants in Scandinavia, London and New York. Also, since last year we are supported by the Finnish company Oy Baltic Truffle Ab, the General Importer of Truffoir Ltd.’s truffle Products in the Nordic and Baltic Countries. We will sell directly to our customers and through establish specialized food distributors, maintaining a minimum of 20% profit margin. With the support of key partners such as Icelandic and Finnish universities, specialized laboratory and food marketing and distribution expert, we aim to become the biggest supplier of unique Icelandic V. Lanosa in Europe and worldwide, reaching revenues of €6M by 2023, supporting also a sustainable and commercially valuable rural Icelandic industry.

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

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