Editing Revive Eco
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== Summary<ref name=":0">Source: Crowdcube.</ref> == | == Summary<ref name=":0">Source: Crowdcube.</ref> == | ||
Revive is a sustainable biotech company creating alternatives to palm oil from used coffee grounds (UCGs). Having developed a patent pending technology to manufacture | Revive is a sustainable biotech company creating alternatives to palm oil from used coffee grounds (UCGs). Having developed a patent pending technology to manufacture their products, they are now fundraising to scale up their manufacturing capacity and launch their products to market. | ||
* Raised over £700k in investment & grant funding | * Raised over £700k in investment & grant funding | ||
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At the same time, over 1 billion tonnes of organic material from food and agriculture is needlessly wasted every year. This includes an est. 500,000T+ of UCGs being wasted in the UK annually. | At the same time, over 1 billion tonnes of organic material from food and agriculture is needlessly wasted every year. This includes an est. 500,000T+ of UCGs being wasted in the UK annually. | ||
Revive is developing green technologies to create high-value, sustainable products from previously low-value waste organic materials. Using a patent-pending technology | Revive is developing green technologies to create high-value, sustainable products from previously low-value waste organic materials. Using a patent-pending technology we convert these UCGs into chemicals with applications in cosmetics and food & drink. | ||
Our initial focus is the cosmetics ingredients market which is expected to reach $3.6bn in Europe by 2028 (CAGR 3.9%) and we have already seen early signs of commercial traction. Our scalable business model benefits from multiple revenue streams; UCGs collection fees, sales of outputs and licence fees for our technology in the future; Revive is designed to be economically and environmentally sustainable. | |||
The last year has seen | The last year has seen us supply samples of our outputs to companies across Europe who are all actively seeking sustainable alternatives to palm oil and its derivates, a growing trend across multiple industries. Investment will allow us to scale up our manufacturing capabilities & take advantage of the interest we have so far. | ||
== Team<ref name=":0" /> == | == Team<ref name=":0" /> == | ||
We are a driven and passionate team of commercial, scientific and sustainability focused individuals with a wide ranging knowledge and experience base. We have the foundations of a world class team with the skillset to scale Revive globally. | |||
'''Scott Kennedy, Co-founder''' | '''Scott Kennedy, Co-founder''' | ||
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15+ years industry experience in resource management and retail, current Director of Reconomy. | 15+ years industry experience in resource management and retail, current Director of Reconomy. | ||
== Actions == | == Actions == | ||
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== References and Notes == | == References and Notes == | ||