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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.

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

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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