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.

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

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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