The Icelandic innovation company Marinox ehf. recently received significant research and development funding under the Eurostars program, of which 33 European countries are members. The Marinox and Partners project was rated the fourth best project out of 594 projects.
The fourth best Eurostars project
The project was rated the fourth best project out of 594 projects for which a grant was applied for and the competition for funding was fierce, but this was the tenth time that applications were announced. The Eurostars program aims to empower SMEs to market products, processes or services to the public. The project is managed by Marinox but there are partners Matís and Due Miljö in Norway. The Technology Development Fund supports Iceland's share in the project.
The grant is a great recognition for Marinox and the pioneering research and development work carried out there. The project involves the processing of valuable bioactive substances from Icelandic algae, which can be used as a dietary supplement or as an additive in various consumer products. Marinox is an innovative company that has slipped away Matís and in recent years has developed methods for isolating active substances from marine algae and products containing them. Marinox manufactures, among other things, UNA Skincare skin products that contain active ingredients from seaweed.
More information about the project is provided dr. Hörður G. Kristinsson at Marinox ehf. and about Eurostars Snæbjörn Kristjánsson (skr@nmi.is) Eurostars national contact at the Iceland Innovation Center.