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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.

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

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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