About my Start-up
We are scaling a sustainable technology to convert agri and pulping waste (lignin) into bio-based chemicals. Tested and validated at TRL5, next milestone 250kg/hr pilot at TRL6 and TRL7 funded by Seed. Then Series A to fund a demo plant. First revenue 2027 of >£20M and >60% EBITDA. Letters of support from world-leading companies like UPM, Stora Enso and Solvay. In June 2023 received Innovate UK grant of £650k with outstanding score of 94% and in November closed pre-Seed of £450k with TSP Ventures. In less than a year scaled >30x from TRL4, improved efficiency, filed for a patent, set a lab and a team in Nottingham, UK. Now raising second £2.0M Seed round.
Why your idea is a “winner"?:
We offer a unique opportunity to turn waste into multi-billion market of bio-based chemicals and building blocks for materials while reducing millions of tons of CO2 emissions.
What is your current or intended business/revenue model?:
Our lignin refineries will be retrofitted into paper mills and funded as Joint Ventures with the paper mill companies (like UPM or Stora Enso who both are interested and provided letters of interest). Nova Biochem will run SPVs and share profit within JVs. Nova's strength will be in full vertical integration of lignin to the product supply chain where we will own the required IP and know-how to separate isolate and place products on the market.
Do you have any Patent or IP registered (related to the solution that you are looking for an investment)?:
Patent application filed in October 2024.
Has your technology already been implemented in any field/sector?:
Our technology has been tested at TRL5 with real life feedstock provided by our industrial partners. Funded by a Seed round TRL6 will be shipped to our partners in Sweden and then to Finland for field testing.
Which market and customer need(s)/problem(s) is (are) your products(s)/service(s) going to solve?:
There is a persistent need for functional chemicals, plastics and adhesives. With environmental concerns only rising the use of petrochemical products will decrease and the need for bio-based alternatives will increase. For example, Solvay got interested in bio-based vanillin and guaiacol, very popular products in the flavour market.
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