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FAERSK SIGNED

FAERSK – Innovative fish processing and logistics solution

Total Cost €

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EC-Contrib. €

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Partnership

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 FAERSK project word cloud

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

annual    chain    regulations    vacuum    packaging    arctic    massive    wrapped    salmon    net    additives    boxes    free    perform    fit    fillets    feasibility    12bn    employees    loaded    secondary    eps    team    naturally    turns    baked    haul    360m    fishery    transport    fish    sustainability    industry    acclaim    obtain    sellable    dry    move    chains    mass    model    2020    preserve    cured    winning    intellectual    ice    payload    initially    first    buy    head    business    validate    certifications    revenues    highest    market    strengthen    200    journey    patented    beta    grow    alone    tv    single    phosphates    won    supermarket    color    innovations    turning    comply    assisted    faersk    plant    van    commercial    cut    solution    envisioned    ip    180    customers    spoilage    catch    financial    usa    source    shipping    savings    retail    property    sale    freshness    q3    revolutionary    index    days    portfolio    antioxidants    reduce    distributors    favorable    nutritious    pressure    plan    final    pilot    additive    at    chefs    thanks    fuel    day    launch   

Project "FAERSK" data sheet

The following table provides information about the project.

Coordinator
ARCTIC IP INVESTMENT AB 

Organization address
address: VARESVUORENKATU 5
city: SALO
postcode: 24240
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 Finland [FI]
 Project website http://www.arcticip.fi/H2020SME1
 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 2018-07-01   to  2018-12-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    ARCTIC IP INVESTMENT AB FI (SALO) coordinator 50˙000.00

Map

 Project objective

At Arctic IP, we want to bring nutritious, additive-free fish to the mass market. Today, fish that you buy in the supermarket is loaded with phosphates and antioxidants to preserve its color and reduce spoilage during its 10-day journey from catch, to a secondary processing plant, to consumer. With our patented FAERSK solution, we are turning turns today’s fish processing and distribution chain on its head. Using 2 patented innovations, the fish is cut into fillets and wrapped in the final packaging for transport and sale, all at the source fishery. And thanks to our vacuum-assisted pressure technology, the fish is dry cured naturally during transport. No need for additives, ice or single-use EPS boxes. FAERSK enables catch-to-consumer within 5 days, with the highest freshness index in the market. Sustainability is baked into our revolutionary business model – by shipping fillets only, the payload (net sellable product) for the average long-haul transport van increases by 200% creating massive fuel savings. FAERSK salmon fillets have won the acclaim of leading European supermarket chains and TV chefs. In Europe alone, we initially target the €12Bn retail salmon market. Funding and support from this phase 1 feasibility project will allow us to: 1) perform selected testing with first distributors to test product-market fit; 2) strengthen our Intellectual Property portfolio, comply with EU and USA regulations and obtain industry certifications and; 3) assess the feasibility of our business model and develop a market-winning business plan including a financial plan. A favorable feasibility study and detailed business plan will allow us to move forward and develop a Beta product that we plan to validate in a large-scale pilot with real customers, as part of our envisioned phase 2 project. with a planned commercial launch in Q3 2020, we aim to bring in €360M in annual revenues and grow our team to 180 employees.

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

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