In 2019 we launched our partnership with the European Maritime and Fisheries Fund of the European Union, CORAL4HEALTH. A 2-year engagement that initiated with high expectations and acknowledgment of the considerable innovation challenges that lay ahead.
The overall aim of the CORAL4HEALTH project was to commercialise the next generation graft bone substitutes, drawn from a sustainable, ethical and high-quality source of marine coral. The major challenge was the utilization of this important, heavily protected marine resource and demonstrating the ability to supply at scale – without having any environmental impact.
The project has made significant progress in bringing Zoan to industrial scale, building on past work, as well as putting in place the regulatory and quality approvals needed to launch its product onto the market.
The engagement has been an outstanding success and highlights the important role of funding from the EU, in bringing early-stage innovative companies to the market.
The European Maritime and Fisheries Fund looks to support coastal communities in diversifying their economies and support sustainable maritime related businesses and this is a great example of their goals being met.
We thank the EU for their support and look to the future with confidence and further opportunities together.