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Nova Extraction – Sustainable ingredients manufacturing

About my Start-up

UK-based engineering company with a speciality in high-pressure processing. We are currently working on a developed technological platform for the sustainable extraction of natural ingredients from a wide range of biomass. We are 100% owned by founders, a revenue-generating company, ready to grow. This project is at its TRL8 and prepared for growth Series A round of £3.5M

Why your idea is a “winner"?:

We are the world's only provider of this sustainable extraction technology with the ability to deliver it in a decentralised manner as a turn-key service. It opens up completely new markets in geographical regions that did not have access to this technology in the past.

What is your current or intended business/revenue model?:

The current revenue-generating business model is "equipment for sale".
Intended revenue generation (90%) will come from the new business model "extraction as a service"

Do you have any Patent or IP registered (related to the solution that you are looking for an investment)?:

IP audit and freedom to operate reviews had been completed. Patentable claims have been identified but have not been filed yet.

Has your technology already been implemented in any field/sector?:

Yes, 5 completed projects (including 100 ton/year production plant). 2 commercially sold.

Which market and customer need(s)/problem(s) is (are) your products(s)/service(s) going to solve?:

The natural ingredients market is actively moving away from using petrochemical solvents like hexane. Hexane is flammable, toxic for humans and the environment and is derived from crude oil. The only sustainable alternative is food grade carbon dioxide, which, when compressed acts exactly like hexane. We call this process CO2 extraction. We tailor to flavour and fragrance market; hemp and cannabis market; algae and food processing waste markets. However there is interest from other areas, for example, we were approached to design and build a 5,000 tonnes a year processing plant for paprika, to isolate its pigment.

Team members
Alexander Novitskiy CEO and co-founder

PhD – green chemistry; 10+ years of the financial industry: corporate governance, risk management, business modelling, team/project management.

Sergey Soshin CTO and co-founder

PhD – engineering; 15 years of designing & manufacturing high-pressure equipment; qualified CNC operator, CAD/CAM/CAE, automation / PLC, hydraulics, refrigeration.

Hugo Bovill F&F advisor

Deep knowledge in flavour and fragrance industry, 40+ years of experience including CEO role in leading UK F&F company Treatt where multiplied revenues x10 times and led through IPO.

Trl
TRL 8 – system complete and qualifiedTRL 9 – actual system proven in operational environment (competitive manufacturing in the case of key enabling technologies; or in space)
Candidate Overview

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