Agri-food ingredients
-
Making the case for sustainable, upcycled ingredients.
Verifying the cost and climate impacts of a circular economy play
The Opportunity
Specialty ingredients like protein and sugars are used in a variety of food production processes. These ingredients need to meet quality and cost standards, but there is increasingly a demand for low carbon options to reduce the emissions of the entire value chain. Terra Bioindustries (Terra) has developed an upcycling platform technology that can convert spent brewers grains into valuable proteins and sugar ingredients.
The Challenge
Terra’s patent-pending technology uses one process to upcycle spent brewers grain into two ingredients: a rich plant-based protein and sugars With these upcycled ingredients set to enter the food, beverage, and fermentation markets, they need to ensure their product can compete on cost while providing an attractive sustainable alternative to other proteins and sugars.
Building the financial and environmental case for our business is crucial to investors and customers. The funds and guidance from NPC are an important step in our exciting path forward.
NPC’s Solution
NPC provided over $16,000 through its Fast Track To Finance Program to help Terra secure third party validation of their technical model and our sustainability claims, including a Techno-economic analysis, and a Life Cycle Analysis to validate CO2 and emissions savings. At time of publication, the work with the consultant was just starting, with results expected to help steer financial projections, pricing and marketing plans, and support investor discussions in the near future.
NPC is committed to the creation of natural products that are better for people, animals and the planet. We propel early-stage Canadian innovators with the advice, connections and capital they need to develop and de-risk their solutions quickly and efficiently.
Terra Bioindustries
Description:
Sector(s):
Food, Nutrition, FoodtechFunding Type:
Fast Track to FinancingProvince:
OntarioFunding Amount:
$16,720
Year of Funding:
2024Name:
Steve George