Game Changing Deep-Tech removing barrier to farmed salmon production growth for climate- & planet-friendly low carbon footprint animal protein

Project Information

Game Changer

Grant agreement ID: 101071540

DOI

10.3030/101071540

Project closed

EC signature date 13 May 2022

Start date 1 June 2022

End date 31 May 2023

Funded under

• European innovation ecosystems

Total cost

No data

EU contribution

€ 75 000,00

Coordinated by

KONREE INNOVATION LIMITED
Ireland

Periodic Reporting for period 1 - Game Changer (Game Changing Deep-Tech removing barrier to farmed salmon production growth for climate- & planet-friendly low carbon footprint animal protein)

Reporting period: 2022-06-01 to 2023-05-31

Summary of the context and overall objectives of the project

The overall objectives of the Game Changer project within the WomenTechEU programme were for the woman-led Deep Tech company to:
i) advance B2B customer traction,
ii) build the business model and capital raising strategy and
iii) position the company for its first capital investment and further help finance the technology development.

These objectives have all been met.

Work performed from the beginning of the project to the end of the period covered by the report and main results achieved so far

The activities in the project revolved around:
i) Developing company branding and a professional pitch as well as delivering pitches to investors
ii) Applying for further R&D grants to support development of the technology and team expansion
iii) Search for Strategic Partners
iv) Build company assets and prepare financials for inclusion in pitches, business plan and grant applications.

Achievements:
i) Company branding was developed - website, LinkedIn, pitch deck and business plans are all professionally branded
ii) Pitch Deck was developed
iii) 24 pitches were delivered to 15 investment funds
iv) Pre-seed investment of Euro 100,000 was successfully obtained

Progress beyond the state of the art and expected potential impact (including the socio-economic impact and the wider societal implications of the project so far)

The company has increased its credibility from an investor perspective. Further key needs are to i) raise further capital investor to enable the technology to developed and demonstrated at a suitable site and ii) protect the technology with intellectual property.

The company's logo