The SUBMARINER Network launches AlgaeProBANOS
The SUBMARINER Network, in partnership with a consortium of esteemed industry and research collaborators in the blue economy sector, is pleased to announce the launch of the AlgaeProBANOS project. This groundbreaking initiative has received funding from the European Union's Horizon Europe program.
The project closely aligns with the Blue Mission BANOS lighthouse initiative, which aims to foster carbon neutrality and a circular blue economy in the Baltic and North Sea regions. It also falls under the EU Mission Restore our Ocean and Waters initiative, dedicated to conserving and rejuvenating our oceans and waters through research, innovation, citizen engagement, and investments.
The AlgaeProBANOS project, spanning four years and boasting a budget exceeding €12 million, with approximately €1 million contributed by SMEs, will focus on harnessing the unique potential of algae to develop high-value products and services. Algae is known for its versatility and sustainability, as it can be cultivated without the need for freshwater, arable land, or chemicals.
Within the AlgaeProBANOS consortium, comprising 26 partners and affiliated entities, there will be an emphasis on creating acceleration networks and digital solutions to support businesses related to algae.
The consortium will also conduct six business pilots across the Baltic and North Sea region, exploring the use of both micro- and macroalgae in various applications, including food, feed, nutraceuticals, textiles, cosmetics, and plant biostimulants. The project aims to introduce eight innovative algae-based products to the market, addressing the growing demand for eco-friendly, high-quality circular bio-based goods. To ensure the sector's sustainability and circularity, the consortium will develop a comprehensive framework and engage directly with consumers to ensure new products align with their preferences and current trends.
Speaking at the project launch event in Berlin, Angela Schultz-Zehden, Managing Director of the SUBMARINER Network, expressed her excitement, stating, "We are delighted to embark on this new Baltic and North Sea lighthouse project, one of the largest EU-funded algae initiatives. Just a decade ago, the cultivation and utilization of algae in Europe were primarily in the research phase. Today, major industry players are increasingly interested in algae as a sustainable bio-resource to improve their products' environmental footprint. AlgaeProBANOS will play a vital role in mainstreaming algae across various European industries, making it a fundamental component of everyday life for future generations."
AlgaeProBANOS brings together universities, research institutes, start-ups, SMEs, industry players, as well as innovation, training, and entrepreneurship experts. Representing ten European countries spanning the Baltic and North Sea regions and beyond, these partners contribute their expertise and resources to support the objectives of Mission Ocean while positioning Europe's algae industry for growth.