IN

Product & Technology

Functional proteins from precision fermentation, and the platform behind them

Gross-margin trajectory

% of revenue · 2026–2032

Media is the cost lever

55–95%

of production cost is culture media, dominated by growth factors.

Our answer

A growth-factor-free, food-grade media platform, the core of our cost-down and our IP, is what drives gross margin from break-even economics toward 88% by 2032.

Defensible moat

  • Continuous process, not batch

    A continuous fermentation and purification line that runs for months at steady state rather than in discrete campaigns: materially higher throughput per litre of installed capacity and far lower capital per kilogram than batch production.

  • Proprietary strain library

    An expression-strain library tuned per target protein, held as trade secret rather than published. Yield per litre improves with every campaign, and that run history is the part a competitor cannot copy from a patent.

  • Patent-pending process families

    Continuous-production and downstream-purification families filed via PCT. Patent-pending, not yet granted. The filings cover the process; the strain library stays a trade secret.

  • Cosmetics-first go-to-market

    Cosmetic-grade actives reach revenue on a shorter qualification cycle than food applications, giving a fast, high-margin beachhead while food-enzyme dossiers work through the longer EU authorisation route in parallel.

Technology roadmap

  • Outputs

    Now: Specialty actives today: functional proteins and high-value enzymes

    Next: Broader catalogue from 2028+, plus licensed production of the same molecules

  • Reactor scale

    Now: 500 L pilot line, continuous operation validated

    Next: 2,000 L from 2026, 5,000 L from 2028, then a multi-site network

  • Strain system

    Now: Proprietary expression strains per target protein, non-GMO host where required

    Next: Tuned expression at scale and shared platform strains for licensees

  • Cost & scale

    Now: ~€180/kg at pilot scale

    Next: Toward <€60/kg at industrial scale, the point where licensing becomes the larger engine