The challenge
A group of investors saw significant sustainability and revenue potential in a fermentation-based dairy ingredient producer but needed clarity on its strategy. While the target had made impressive technological progress, it was pre-revenue and needed to improve its techno-economics. To address this, it relied on a unique outsourcing strategy involving multiple external partners.
Our client was interested in funding the target but sought to assess key risks: could the target’s techno-economics support scale-up, was the outsourcing approach effective and low-risk, and did the target have the technological capabilities to succeed. The investors’ funding decision hinged on these critical questions.
approach
We combined management and partner interviews, data room review, and BGP’s technical experience to benchmark 10 criteria over 5 weeks, including:
Evaluated the bioprocess, strain performance, and feedstock economics behind the target’s cost curve.
Assessed the effectiveness and risk profile of the target’s multi-partner outsourcing model.
Reviewed the strength and experience of the technical team driving execution.
Quantified novel food approval timelines across 3 key jurisdictions.
From the engagement
The impact
13 cost-reduction levers pressure tested against the ~10x reduction plan.
Novel food approval timelines quantified across 3 key jurisdictions.
Outsourced scale-up strategies compared against alternatives.
Explore our due diligence case studies
Our consulting team based out of Europe and 2500+ expert team located in 60+ countries cover the full AgriFood Tech value chain globally.
