Tag Archives: Epinutra

StartLife Alumni Updates – September 2020

Brief updates from StartLife Alumni and Community members.

Orbisk launches international consortium co-funded by €1.2M Eurostars grant

Orbisk launches international Eurostars consortium

On a global scale, a mind-boggling amount of 1.3 billion tons (1.300.000.000.000 kgs) of food goes to waste, every single year. Food waste fighter Orbisk has just secured a EUR 1.2 million Eurostars grant to help make a difference. As of September 1st, Orbisk, Aivero and Eaternity Institut form an international consortium aptly titled ‘FOOD FIGHT’. The partners will explore cutting edge camera and streaming technologies. Furthermore, the consortium will focus on the prospecting capabilities based on the generated data, to better understand and advise clients to reduce their food waste and environmental impact.

Read the full announcement.


FrieslandCampina Director becomes Managing Director at PEF Technologies

Yulia Mitko - Meeuwes Buiten - PEF Technologies

After two years of effective cooperation on a consultancy basis, the team of PEF Technologies have appointed Meeuwes Buiten as Managing Director. Meeuwes has 35+ years of experience within the dairy industry. He took various managing positions at Royal FrieslandCampina, amongst which Supply Chain Director. “His knowledge of product development and his broad and global network within dairy sector makes his input indispensable for the company. I believe that under his lead we have all chances to bringing the product to the market in the nearest future,” comments Valeriy Mitko, Technical Director and co-owner of PEF Technologies.

Go to the full press release.


Odd.bot delivers proof-of-concept for Weed Whacker robot

OddBot Proof of Concept

This summer Odd.bot demonstrated their Proof-of-Concept in the presence of their current financers: the Horizon Flevoland Proof of Concept Fund, a robotics expert hired by them and a delegation from Wageningen University & Research. Odd.bots has demonstrated in the field, at a grower of organic carrots, that they have a working robot that can not only recognize the weeds well and distinguish them from the crop, but can also remove the weeds independently. The next goal they have set for themselves is to demonstrate by mid-October that the robot will do its work for four consecutive hours: recognize at least 70 percent of the weeds present and remove at least 70 percent of them. So on balance already half of all the weeds present!


EIT Food awards over €200.000 to high-impact agrifood startup Epinutra

EIT Food Corona Bridge Fund

EIT Food invests €5.4 million in 13 high-impact agrifood startups. Among them is StartLife alumni Epinutra. They receive €212.500. The investment is made from The COVID-19 Bridge Fund which supports European agrifood startups that have been affected by coronavirus. The funds help the companies adapt to COVID-19, to continue critical innovation to transform our food systems and to bridge the gap towards their next investment round. The selected startups cover a range of sectors with vast potential to create positive change, addressing one of EIT Food’s focus areas. The investments concerns convertible loans, so EIT Food made sure to select high-potential startups.


Celine obtains 150,000 euro from Rabobank Innovation Fund

Celine - horticulture water management

Celine, provider of automated water and nutrient management in greenhouse horticulture, obtained a Rabo Innovation loan of €150,000. The loan, which is an initiative of the Innovation Fund Rabobank, provides Dutch early-stage entrepreneurs with a good innovative idea that contributes to the digitization, sustainability and/or vitalization of society the opportunity to further develop their plans.


GreenCovery and Mylium win first AtlasInvest Entrepreneurship Grant

Winners AtlastInvest Entrepreneurship Grant 2020

Side-stream specialist Greencovery and sustainable textile producer Mylium are the winners of the first AtlasInvest Entrepreneurship Grant. The grant, provided by the investment holding company of Marcel van Poecke (a successful WUR alumnus), supports student-entrepreneurs from Wageningen University who have impactful ideas. Two grants have been awarded. The startup award (€15.000), won by Greencovery, is granted to student entrepreneurs who focus on commercially promising solutions to global food and sustainability challenges. The Impact Award (€15.000), won by Mylium, rewards social initiatives of student entrepreneurs that focus on maximum impact on the environment and sustainability.

 

p.s. You can also follow StartLife on LinkedinTwitter or stay up to date with the latest news about and for agrifood startups, scaleups and more via the StartLife newsletter.

Founder Story: Epinutra Targets A Natural Solution To Heartburn

Benesco by Epinutra - a natural solution to heartburn

When the team behind Epinutra first started its research, it was looking for solutions to strengthen the connections between cells in the body. Ten years later, it has developed a natural food supplement that could provide a new way to tackle heartburn – even in vulnerable groups like pregnant women.

epithelial-cells-in-esophagus

Epinutra’s CEO and founder Richard Hampson admits that the company took an unconventional approach, first looking for compounds that strengthen the epithelia – the outer layer of cells that protects many internal organs – before considering possible uses for them.

“From a business perspective, it was the wrong way around,” he said, explaining that he and his team spent a decade inventing the test and screening more than 2,000 molecules to see if they hit their molecular target of interest.

A natural solution to heartburn

“We found roughly five candidates that fit the bill, and two of them were food ingredients. So that meant instead of looking at drug development, we could look at natural food supplements,” he said. “There is often a preference for a natural food supplement rather than a drug, especially for pregnant women for example, who often take a ‘grin and bear it’ approach.”

Man-with-heart-burnEpinutra was set up in the summer of 2019 as an affiliate company of Portugal-based Thelial Technologies, S.A., supported in part by grants from the European Research Council and the EU Horizon 2020 SME Instrument Programme. It is dedicated to the development of benescoTM (check explainer video about benescoTM), a supplement taken as a lozenge to support oesophagus health for people who suffer from heartburn. The product is based on two active ingredients: an antioxidant found in apples called quercetin; and vitamin B2, or riboflavin; as well as the sugar-free sweetener isomalt.

The active ingredients are present at relatively low doses – the quercetin is equivalent to that found in about three apples, just over 30 mg – while the vitamin B2 is about 15% of the recommended daily dose. The company suggests that someone might question why it would be necessary to take a supplement when these nutrients are so readily available in a healthy diet, but the time it takes to consume them is important. Eating apples means the quercetin passes very quickly through the oesophagus tube that links the mouth and stomach, whereas sucking a lozenge  similar to breath-freshening mints takes several minutes, which is crucial for the compound to have an effect, in addition to stimulating saliva production.

So, why the oesophagus?

Epithelial health could refer to any number of tissues in the body, but Hampson and the Epinutra team chose to focus on the oesophagus because it is by far the simplest part of the digestive tract to reach.

esophagus-epithelial-cells

“The oesophagus is the simplest for us to address,” he said. “If you want to target anything in the gut you have to pass through the stomach. The oesophagus is much easier.”

Heartburn and indigestion are incredibly common, but few remedies are available, and often come with side effects. There are over-the-counter antacids, which work by either capping stomach acid, preventing reflux into the oesophagus, or by neutralising acids with an alkali compound.

It is an enormous market: the global antacids market alone is worth about $10 billion a year, according to the World Health Organization.

The other option is proton pump inhibitors, which suppress stomach acid production, but over time, they can cause headaches, gastrointestinal complaints, and even interfere with the absorption of some nutrients and prescription drugs.

Licensing opportunity

“There are options, but they all target stomach acid and reducing stomach acid, which we don’t,” said Hampson. “…It is a crowded market, but with solutions that have been around for a long time. Our principal competitors are protein pump inhibitors. They are effective, but have side effects in the long term. And beyond that, they have gone off patent.”

This is part of the reasoning behind the company’s fundamental strategy to license its technology to someone else, rather than developing and marketing its own product; manufacturers are likely to have an appetite for new options (and potential revenue streams) for tackling heartburn in this highly competitive market.

“We just received our first prototypes of benescoTM and we are launching for ourselves with a distribution partner in the Netherlands,” said Hampson. “In the longer term we are certainly looking to license it to a larger player.”

At this stage, however, he says the project is still in an early phase and needs more development before the product will be ready for licensing.

Working with StartLife

The company’s founders already had connections with clinical partners based in Amsterdam, and this sparked their interest in the Netherlands, but Epinutra was established there after contacting StartLife at the beginning of 2019. It was accepted onto the StartLife Accelerate program, and launched just a few months later.

“We don’t come from a strong food background,” said Hampson. “StartLife fitted exactly with what we needed, which was that they saw the innovation that we had and they had experts and connections in the food industry. StartLife has really been a gateway to the food industry in the Netherlands. They can be credited with why we set up a Dutch company.”

He added that having the backing of the StartLife brand and Wageningen University has been a helpful seal of approval with its partners, and StartLife clearly was important financially as the company’s initial investors.

Less than a year after it was founded, Epinutra has just closed a funding round led by Rabobank, and has built its Netherlands-based presence from a small, scientific-focused team to one that includes a variety of experts, including marketing professionals.

After launching the product this year, the company plans to seek equity investors to develop other targeted nutraceuticals. If you are interested in this opportunity please contact Richard Hampson directly: rhampson@epinutra.com.

 

p.s. You can also follow StartLife on LinkedinTwitter or stay up to date with the latest news about and for agrifood startups, scaleups and more via the StartLife newsletter.