Projects
Algae Vertical: SP3 High Value - Nutraceuticals and Cosmeceuticals
- National research project
- From 2022 to 2024
Summary
Algae Vertical involves 38 entities from the algae sector, including large business groups, SMEs, innovative and specialized startups, universities, collaborative laboratories, Research & Development Centers (R&D) and business associations.
It aims to provide the algae sector with competitive advantages by fuelling novel sustainable products, optimizing techno-scientific processes, and introducing innovative services.
The CBA is involved in the subproject (SP3), which aims to promote a sustainable circular development of innovative algae-derived products, for high-value markets. With some exceptions, algae industry lacks the development of high value products, and those available present high economic cost. It is therefore strategic that new compounds are identified and developed from algae, exploiting both micro and macroalgae, targeting markets compatible with the high value associated, such as the nutraceutical and cosmeceutical markets. Coupling such technology to existing productive industry, further creates the opportunity for diversification and value chain increase, fostering circular economic growth. With the emergent development of natural marine products, algae are strategically positioned, across their global diversity, for presentation of commercial high-value products, towards high-value markets, such as nutraceutical and cosmeceutical. It is vital the establishment of scientific validation of the properties, potential and application of such nature-derived marine products, to stimulate true traction and differentiation for those products in the targeted high markets.
Funding Institution
Portuguese Recovery and Resilience Plan (PRR), under the scope of the incentive line “Agendas for Business Innovation” through the funding scheme C5 – Capitalization and Business Innovation.