The World's first vegetal chitosan biostimulant from non-GMO and renewable source on an industrial scale

Informations projet

KITOGREEN

N° de convention de subvention: 875948

DOI

10.3030/875948

Projet clôturé

Date de signature de la CE 29 Juillet 2019

Date de début 1 Août 2019

Date de fin 30 Novembre 2019

Financé au titre de

• INDUSTRIAL LEADERSHIP - Innovation In SMEs

Coût total

€ 71 429,00

Contribution de l’UE

€ 50 000,00

Coordonné par

KITOZYME SA
Belgium

Periodic Reporting for period 1 - KITOGREEN (The World's first vegetal chitosan biostimulant from non-GMO and renewable source on an industrial scale)

Période du rapport: 2019-08-01 au 2019-11-30

Résumé du contexte et des objectifs généraux du projet

At KitoZyme, we verified the feasibility of KitoGreen project to optimize our disruptive biostimulants manufacturing platform and release it into market. While we are carrying out an on-going Proof of Concept study, long term safety and efficacy of our current generation of KitoGreen products, a group of fungal-derived chitosan formulations acting as biostimulants for specific crops, we plan to: optimize these formulations, and improve our manufacturing capability and technology transfer. Thus, we assessed all the investment required to complete the project, for which we will pursue financing support of €1.71M from the EC scheme of Accelerator project. We have also evaluated the potential of KitoGreen to generate >€2.88M profit and new employment. Moreover, we have already received proofs of interest from our key stakeholders: consultancy companies, and manufacturers and distributors in the field of agronomy. Furthermore, we have already established a partnership to secure our European distribution channels with one the major agriculture input distributor.
Consequently, we finally decided to continue with KitoGreen project, motivated by the confirmation of the uniqueness and competitiveness of our innovation with this feasibility study.

Travail effectué depuis le début du projet jusqu’à la fin de la période considérée dans le rapport et principaux résultats atteints jusqu’à présent

TECHNICAL FEASIBILITY, including: production technology definition and transfer; KitoGreen´s specifications; analysis of validation procedures; detailed technical plan to increase TRL to 8; analysis of risks and design of a mitigation and contingency plan.
COMMERCIAL FEASIBILITY, including: market analysis; end-user´s segmentation; main competitors; commercial strategy; SoA and FtO analysis; business model; commercialization and dissemination plan, including IPR strategy.
FINANCIAL FEASIBILITY, including: in-depth cost analysis to evaluate our capacity to take the innovation; business projections for the first five years after Accelerator project execution in a conservative sales scenario.

Progrès au-delà de l’état des connaissances et impact potentiel prévu (y compris l’impact socio-économique et les conséquences sociétales plus larges du projet jusqu’à présent)

KitoGreen will be the first biomanufacturing platform able to yield low-molecular weight chitosan from fungal biomass by-products, improving the benefits of conventional biostimulants (stimulation of plant growth, enhancement of abiotic stress tolerance, increasing resistance to pathogenic agents, and better post-harvest protection) and accelerating biostimulants development process in terms of cost and time-to-market. It will allow us to grow reaching >€7M revenue and +6 new employees after the 5th year of Accelerator project execution.

image-1.png