During 2018, any small business with an innovative Feed Tech product, concept or service in pilot scale or proof-of-concept was invited to apply for the prestigious Nutreco Feed Challenge award.
All entrants were required to pass several milestones before experts selected the 10 finalists to be invited to a two-day final event on 28 and 29 May 2018 in the Netherlands.
The top three finalists were then asked to pitch at the F&A Next event in May. F&A Next is the first European platform for investors, startups and scale-ups in the food and agricultural domain.
The Nutreco Feed Tech Challenge is focused around the question 'What is your breakthrough innovation in feeding the future that CANNOT wait'. This question represents one of Nutreco's initiatives to contribute to the need to feed over 9 billion people in 2050.
From an entry of over 700 ideas and 52 global companies, FOLIUM Science's Guided Biotics ™ technology was selected to take part in the final assessment. Further questioning then took place alongside the other finalists over a two day assessment.
FOLIUM Science's CEO Ed Fuchs says "To be awarded the runner up prize from such a large and high quality entry is testament to the breakthrough nature of our technology. The future for GuidedBiotics ™ looks very exciting indeed".
The key benefits that Nutreco identified about FOLIUM Science's technology was the potential to tackle Antimicrobial Resistance head on with a novel technology that can be broadly applied across agricultural and animal feed businesses.