Project description
Smart device for mycotoxin-free food production
Mycotoxins may be invisible, but they are very harmful to human health. About a quarter of the world’s harvested crops are contaminated by mycotoxins, causing major trade losses for agricultural businesses. This can be solved only by early and on-site detection of mycotoxins. The EU-funded BIOsens project is designing a handy portable device for accurate and rapid mycotoxin analysis for commercialisation on a global scale. The EU’s SME Instrument Phase 1 funding programme will ensure market needs are met. To do so, the project will conduct a comprehensive analysis of the target market.
Objective
Every year, companies involved in agriculture businesses experience significant financial losses because of mycotoxins – invisible and dangerous for human health foodborne toxins, which contaminates 25% of the global supply. Farmers, grain elevator owners, and food processing companies suffer the most from this issue and crave for the solution that will allow them easily, swiftly and accurately detect mycotoxins on-site. Timely detection of mycotoxins will prevent them from unsuccessful trade or border rejections, and will lead to revenue increase.
BIOsens provides cutting-edge solution that successfully tackles the problem of agriculture companies by creating an easy-to-use portable device for mycotoxin analysis. The mycotoxins testing market is expected to grow to USD 1.75 billion in 2023, and BIOsens is the first solution on the market which combines the accuracy of laboratory testing and the speed of onsite devices.
BIOsens team comprises of experts in Biochemistry, Biotechnology, IT and Business which ensure the high quality of the developed solution and successful market entry. According to Financial Times, company’s CEO Andrii Karpiuk is one of 100 eastern Europe’s emerging technology stars and the team has already won numerous start-up competitions, including Intercontinental Startup Battle in San-Francisco.
BIOsens aims for global commercialization to ensure that people all over the world consume safe food.
SME Instrument Phase 1 funding will enable the company to validate customer needs, conduct thorough analysis of target markets and validate priority countries for market entry, research regulatory requirement and develop an IRP strategy, validate business model and as a result create an elaborated business plan for the successful commercialization of the device.
Fields of science
- natural sciencesbiological sciencesbiochemistry
- agricultural sciencesagriculture, forestry, and fisheriesagriculturegrains and oilseeds
- natural sciencescomputer and information sciencessoftwaresoftware development
- social scienceseconomics and businessbusiness and managementbusiness models
- engineering and technologyother engineering and technologiesfood technologyfood safety
Programme(s)
Funding Scheme
SME-1 - SME instrument phase 1Coordinator
02606 KYIV
Ukraine
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.