In a first step we evaluated the economic feasibility to produce various compounds, such as vitamins, amino acids, and enzymes, based on available market data and interviews with industrial key stakeholders. During this evaluation we identified a molecule with great commercial potential based on possible process optimization and market demand. We intensified the market research for this specific product and found an end user that is highly interested in sourcing from a European manufacturer since the specific product currently is only available from China, which is associated with risks regarding availability and quality.
In the second part of the project we elaborated a business plan for the implementation of the strain development program and for the establishment of a manufacturing process, which can be carried out either with a contract manufacturing organization (CMO) or with an industrial partner. We calculated a financing requirement of ~3.5 million Euro to develop the production strain and the corresponding bioprocess including pilot-production for the first two years. FGen will generate product sales from the third year on and reach break-even latest after five years based on product sales of 6 and 30 million in the worst- and best-case scenario, respectively. This increase in turnover enables FGen the generation of 20 to 100 full time positions and the development of additional sustainable bio-based production processes.