october 2018 - innovation thailand...global protein ingredients market expected to reach $50 billion...
TRANSCRIPT
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Feeding People without Consuming Earth
October 2018
Confidential
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The Solution Switching to an insect-derived protein
It is estimated that insects form part of the traditional diets of at least 2 billion people.
Insects are a highly nutritious and healthy food source with high fat, protein, vitamin, fiber and mineral content.
Edible Insects
Research
(2013)
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Our solution: Fruit Fly Larvae
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No Cholesterol
Rich in Protein, Magnesium, Calcium, IronMagnesium
√ Rich in Protein, Iron, Calcium, Magnesium
√ Best essential amino acid profile (eAA)
√ Very low Cholesterol
√ High quality fatty acids – Omega7
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√ Vegetarian fly - eats fruits only!
√ No hormones, antibiotics, pesticides
√ No shared zoonotic diseases with humans
√ Self cleaning insect – gut purged on last day
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√ Free of greenhouse gas pollution
√ Utilizing almost no water
√ Negligible land abuse
√ No waste
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Low cost diet
Proprietary rearing technology
√ Short life span of only 6 days
√ In which body mass grows by 15 times
√ Efficient low cost diet
√ Self harvesting insect
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High quality protein powder
• 70% Protein
• 12% Minerals
• 7% Fiber
• 8% Fat
• Functional
• Tasteless & Odorless
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Dairy analogs Baked goods Chicken substitutes Meat substitutes
Cereals Milk SubstitutesPasta
Countless potential applications
Sports Nutrition
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Tremendous interest from the industry
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Collaboration with
• IKEA chose 10 companies out of 1,300
• 3 month Bootcamp at IKEA’s HQ
• IKEA operates 402 restaurants
• In 44 markets
• 2 billion euros yearly turnover from food
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Collaboration with
• The largest baking company in the world, over $16
billion yearly turnover
• Two different categories are being developed:
• Sandwich bread
• Sweet baked goods (“Pronut”)
• Successful Pilots in 3 universities and experts panels
• Scale up and supplying discussions
Protein enriched bread
Pronut –protein enriched doughnut
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Going Forward - Scale Up
Advanced Rearing Technology:
• Optimizes the yield of fruit fly larvae (kg/m2)
• Lowers costs to under $0.5/kg (at scale)
Processing Technology:
• Protein Concentration
• Oil Separation
• Chitin Extraction
Proprietary
Low cost
liquid dietHigh quality
Protein
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Pipeline of products
Time
Value
Low
High
2019 2020 2021 2022 2023
Clinical Nutrition
Oil, Chitin
Protein Products
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Global protein ingredients marketexpected to reach $50 billion annually by 2025 (now ~$30 billion)
Source: Grand View Research, 2018
52.4%
21.0%
17.1%
9.5% • World population is growing
• Demand for alternative protein is increasing
• Current food sources are not sustainable
• Increased demand for personalised nutrition
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Regulations
North America and Canada*
South America
Europe
Middle East
Australia
Southeast Asia
Africa
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Bootstrap
F&F
Angel Investors
Seed Round
R&D for farming and processing
Series A Production Line
2015
UniversitiesResearch Institutes
Our Journey
2016 2017 2018
Pilots
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Team
Doron Zaada (MSc)V.P Entomology
__________________Entomologist, specializing in
mass rearing of flies. BSc in
Agroecology, MSc in Entomology
Ariel Katz (PhD)Chairman of the Board
__________________Founder and former CEO and
President of Enzymotec (NASDAQ:
ENZY)
Eran GronichCo-Founder & CEO
___________________Experienced Entrepreneur,
founded several companies (one
exit). BA in Business
Management & Marketing, MBA
in Finance
Keren Kles (PhD)Co-Founder & CTO
_______________________Food Scientist, specializing in
proteins and ingredients
functionality. BSc in Biochemistry
& Food Science and PhD in Food
Science & Technology
Adi Vider (MSc)COO
___________________Production Manager, 10 years
of experience in process
engineering, scale-up, R&D, and
operations. M.Sc and B.Sc in
Chemical Engineering
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