Objective
Koralo creates natural, delicious, and nutritious vegan seafood through a patent-pending co-fermentation technology that mimics nature.
Starting with a beach walk in the spring of 2021 Koralo was born out of the idea to create a sustainable food source inspired by algae washing up on shore. Sina Albanese, a serial sustainability entrepreneur with the desire to protect our oceanic ecosystems is supported by her father Dr. Guido Albanese with over 25 years of working experience in the food industry in this trans-generational start-up. Koralo mimics with deep-tech the best example we know: Nature. In nature, microalgae are consumed by small fish that are then consumed by larger fish which end up on our plates. At Koralo, we have replaced fish with a unique co-fermentation developed in Germany, where mycelia of edible mushrooms feed on microalgae to create a natural fish alternative product.
We have already filed two patent families on this technology and have received positive assessment reports on both our European as well as Global patent applications. We have tested our products with chefs and consumers both in Europe and Asia and are expanding our range to salmon and shellfish such as shrimps and scallops.
Koralo is partnering with the largest microalgae producer in Europe in Portugal for scaling up of Koralo's technology with their expertise in microalgae and fermentation and we have successfully reached TRL 5 - 6 on existing equipment. To launch our European production with them we have closed an MoU.
Koralo will launch its whole-cut vegan fish in Q1 of 2023 in B2B channels in Korea with further expansion to Singapore, Hong Kong, Europe and the US within the next 5 years. For this end we have closed several MoUs with restaurants and distributors in Korea already. Our biotechnology will allow us to reach price parity with fish already at launch and grow Koralo to a global company with revenues of almost 500 m€ within 5 years having a positive impact.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- social sciences economics and business business and management entrepreneurship
- natural sciences biological sciences microbiology phycology
- engineering and technology industrial biotechnology bioprocessing technologies fermentation
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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HORIZON.3.2 - European innovation ecosystems
MAIN PROGRAMME
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
HORIZON-CSA - HORIZON Coordination and Support Actions
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) HORIZON-EIE-2022-SCALEUP-02
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
85598 Vaterstetten
Germany
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.