proprietary and confidential - ag innovation showcase companies/2013... · 2 vive introduction...

1 proprietary and confidential

2

Vive Introduction

• Vive reformulates existing pesticides for the $46 Billion crop protection industry, creating proprietary products

• Creates new, more effective water-based products that replace organic solvents

• Field-proven performance

• First products launching in 2015

• EPA registration received

• Global IP protection – 31 issued patents

• Raised $22 M to date

proprietary and confidential

“We have to produce as much food in the next 40 years as humanity has produced in the last 8,000 years”

Jason Clay, SVP

World Wildlife Fund


4

• Population growth

• Shrinking arable land

• Changing diets

• 40% of crop yields lost annually to weed, disease, and insect pressure

Crop Yields are a Worldwide Issue


Yet Industry is Under Pressure

Regulatory Barriers

Patent Cliff

Lack of New Molecules

Shortage of Proprietary Products

Pressure from Generics 5 5 proprietary and confidential

Regulatory Pressures are Increasing

680 Products removed

from the EU market

• Solvents more toxic than common AI’s Glyphosate (Roundup), 2,4-D (Killex), many others

• China

Reducing the use of 5 standard ‘EC’ solvents by 90% in three years

• California and Europe VOC limitations restrict or prevent solvent use

Goalposts are Higher Formulations are Under Fire

Most AI’s do not disperse in water


Facing a “Pharma-like” Patent Cliff

acetamiprid (Nippon Soda) acibenzolar-S-methyl (Syngenta) amicarbazone (ArystaLifeScience) azoxystrobin (Syngenta) bifenazate (Chemtura) cafenstrole (SDS Biotech KK) carfentrazone-ethyl (FMC Corp.) cinidon-ethyl (BASF Corp.) clothianidin (Bayer CropScience) cyazofamid (ISK Biosciences) cyclosulfamuron (BASF Corp.) cyprodinil (Syngenta) emamectinbenzoate (Syngenta) ethoxysulfuron (Bayer CropScience) famoxadone (DuPont Crop Protection) fenamidone (Bayer CropScience)

fenhexamid (Bayer CropScience) florasulam (Dow AgroSciences LLC) flufenacet (Bayer CropScience) flupyrsulfuron-methyl-sodium (DuPont Crop Protection) indanofan (Nihon Nohyaku Co.) indoxacarb (DuPont Crop Protection) iprovalicarb (Bayer CropScience) isoxaflutole (Bayer CropScience) kresoxim-methyl (BASF Corp.) mefenpyr-diethyl (Bayer CropScience) mesotrione (Syngenta) picolinafen (BASF Corp.) picoxystrobin (Syngenta) propoxycarbazone (Bayer CropScience) pyraclostrobin (BASF Corp.)

pyraflufen-ethyl (Nihon Nohyaku Co.) quinoxyfen (Dow AgroSciences) silthiofam (Monsanto) spinosad (Dow AgroSciences) spiroxamine (Bayer CropScience) sulfentrazone (FMC Corp.) thiacloprid (Bayer CropScience) trifloxystrobin (Bayer CropScience) triticonazole (BASF Corp.) tritosulfuron (BASF Corp.) zoxamide (Gowan Co.)

Active Ingredients Coming Off Patent

Active ingredients due to come off patent between 2009-2013 or that have been granted patent term extension between 2011-2015. Source: Enigma Marketing Research

$ Billions expiring in next 5 years 7 proprietary and confidential

Expensive Up to $250 million to develop a new Active Ingredient

High failure rates Efficacy and commercial risk

Long timelines 10 years from initial research to product registration

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Lack of New Active Ingredients


Addressing Crop Protection Industry’s Key Issues

Innovative Competitive Approvable

• New products without new active ingredient

• Economics

• Efficacy

• Convenience

• Grower safety

• Avoid formulation issues

• Environmental safety

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Products


Vive Products and Technology


Vive makes water-based formulations

of post-patent active ingredients that

are better than existing products

Better field performance

No solvents / VOCs

Great economics


Active Ingredient (AI) Allosperse Vive New Product

Vive Technology

Not soluble in water Encapsulates AI in a water dispersible (non-toxic) structure

Encapsulated AI dispersed in water

12 12 proprietary and confidential

Insecticides

• More effective so farmer saves money by reducing sprays: • Long lasting • Can be sprayed

with fertilizers

Better farmer ROI

Better manufacturer ROI

Clear path to registration

Demonstrated Product Value Supported

by Extensive Field Trials

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Fungicides • Farmer makes

money: increases crop yield

• Cures the disease, unlike some other products

• Prevents disease

Herbicides

• More effective at low rates so manufacturer reduces cost of goods sold

13 proprietary and confidential 18

Revenue: Value Share

• Vive revenue based on

- Product developed by Vive

- Allosperse shipped to customer for incorporation in their formulation OR

- Complete final product shipped from Vive’s toll manufacturer to customer

• 2 signed distribution contract term sheets and 12 in negotiation with manufacturers and distributors


Manufacturing - Simple, Scalable, Tollable

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Step 1 - Make Polymer Step 2 – Turn Polymer into Allosperse

Ready to Toll

Step 3 – Combine and Package

Ready to Toll


• 31 issued patents (first expiry 2025)

• 33 patents pending

• 8 families in the US and internationally

• New products via patentable reformulations

Four Levels of IP Protection

Patent Cliff

Ongoing IP Generation 16

Product IP

Application IP

Process IP

Composition of Matter IP


Honors and Awards

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2012: Highly Commended for Best Formulation Innovation, Agrow Awards

2012, 2010: Winner, Canada’s Top10TMin Cleantech

2011: Nominated for Best Formulation Innovation, Agrow Awards

2012, 2011: New York Venture Summit – Best Cleantech

2011: Recipient of American Chemistry Council’s Responsible Care Performance Award

2010: Frost & Sullivan’s North American Technology of the Year Award for Vive’s Encapsulation Technology Innovation

2009: Named one of Deloitte’s Technology Green15TM

2009: Winner, Canadian Business Magazine’s Clean15TM Competition


Corporate Information


Keith Thomas CEO

Entrepreneur, project management and corporate finance; Booz Allen, Citigroup, BASc (Toronto), MA (Toronto), MBA (Columbia)

Darren Anderson CTO

Founding president, 7 issued patents, 39 pending applications, 10 refereed papers, over 40 conference presentations and publications, PhD (Toronto)

Flavio Campagnaro Chief Manufacturing Officer

Senior process engineer, scaled large environmental plants; Bennett Environmental, BASc (UBC), PEng

Skip Campbell Chief Commercial Officer

Boston-based M&A and advisory for high-tech industries, consulting and VC experience, BA (Williams), MBA (Toronto)

Ken Yoon CFO and EVP Corp Development

Life sciences venture capitalist, consulting and accounting; VenGrowth, Ernst & Young, BSc (Western), LLB (Queen’s), MBA (Toronto), CA

Management

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Supplemented by 10 advisors with experience at Syngenta, BASF, DuPont, Dow, FMC ,etc.


Neil Reid Chair

Co-founder, MDS Sciex

Charlie Fischer

Director

Former CEO, Dow AgroSciences; Former Chair, CropLife America and CropLife

International

Warren Libby Director

Former President, Syngenta Canada; Former Chairman, Crop Protection Institute of Canada

Bill Lambert Director

Chairman, Ag Growth International; Former Partner, TD Capital

Mark MacDonald Director

Former VP, Teachers Private Equity; significant board experience

Directors

20 20 20 proprietary and confidential

2007–2013 - $22 M Raised Expansion Capital

Product Development

Initial Biology

Agreements Drive Value

Product Launches

CO

MM

ERC

IAL

TER

M S

HEE

TS

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Field Validation

Scalable, Tollable, Cost

Effective Manufacturing

EPA Registration

The Vive Opportunity

$46 Billion global market opportunity with assured demand

Disruptive, patented, green technology addresses industry needs

Imminent value creation events: commercial deals, registrations and

product launches

Strong management team and directors

Expansion into additional markets


Keith Thomas, CEO

700 Bay Street, Suite 1100

Toronto, ON M5G 1Z6

416 260-8889 x224

[email protected]

www.vivecrop.com


proprietary and confidential - ag innovation showcase companies/2013... · 2 vive introduction...

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