The machine we have developed is the single highest use-case for applying mass spectrometry screening in an industrial setting and is pushing the limits of this technology. Together with the supplier of the screening module, we are improving their system and use it to open up a completely new market for mass spectrometry analyses, which can lead to new applications besides the screening of a biomarker for gender.
Our company is growing rapidly. We have grown the team from nine people to 29 at the end of the project, and we are not stopping here. Team expansion is required for R&D, building and integrating subsystems and preparing operations once the solution hits the market. We have discussed our technology and offering with potential customers who are interested in implementing our solution in their hatchery, and a wide selection of stakeholders for this topic. We have shared the progress with our technology with a selected group of investors, which has led to a new financial injection by venture capitalists and a bank.
Our scalable solution offers a competitive alternative and is particularly interesting compared to the rearing of the day-old male chickens for meat. This practice of rearing the males is currently being applied, but not only is it extremely costly (especially when reasonable welfare standards are taken into account), it has a big detrimental impact on the environment. As layer chickens grow much slower than broilers, it takes more time and more feed, and results in more excretions, to grow the males to a practical slaughter weight. We have demonstrated, together with an independent consultant, that one of our machine prevents the CO2 output of 2,000 Dutch households per year when males are not being raised for meat, which is huge.
During the project, we have worked on making the screening faster and more accurate, but also took steps towards an earlier screening than the current moment of screening on developmental day-9. This is a requirement for certain markets, such as Germany, that won't allow in ovo sexing after day-6 from 2024. Other countries are also working towards legislation that bans the culling of day-old male chickens, but the exact requirements vary per country. It is In Ovo's goal to be able to provide a solution for as many markets as possible, as we want make impact by ending the practice of male culling completely in the poultry industry.