SME Instrument success story: LyCoSOL project
Octopux Consulting is proud to have contributed to the success of the LycoSOL project proposal (SME Instrument – Phase 1, Feasibility Study). The successful SME is the Turkish-based BioCapSol Kimya A.Ş. The LycoSOL proposal “Feasibility Analysis on the Extraction of Lycopene from Tomato Peel through Organic Synthesis” obtained 13,47 points out of 15, with a total EU grant of 50.000 € within a total budget of 71.429 €.
BioCapSol Kimya A.Ş. aims at providing an improved process for extracting and encapsulating biological content from plants and vegetables using benign chemistries that can be applied at an industrial scale. The LycoSOL project extracts carotenoids from waste by-products of tomato paste production through a 100% natural and low-cost production method through patented technology. The post process peels and fibres are also value added products and can be used as animal feed based on the biological nature of the extraction process supporting sustainability. In addition, LycoSOL encapsulates natural substances, with a technology pending for patent protection, in a way that standards of taste and shelf life demanded by food manufacturers are successfully satisfied and no artificial stabilisers are utilised.