Summary[1]
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
- Processed >50T of UCGs & working on strategic supply agreement
- Featured on the BBC & World Economic Forum
- Early signs of commercial interest from cosmetics and food & drink industries
Idea[1]
70 million tonnes of palm oil is produced annually, mostly in Southeast Asia, and is shipped around the globe. It is one of the key drivers behind deforestation, contributing millions of tonnes of emissions every year.
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 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 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[1]
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
Studied at the Hunter Centre for Entrepreneurship and was part of the prestigious Saltire Foundation Scholar programme. Experience working in social impact with Power a Life and the hospitality, food & drink sectors at the SEC (Compass Group).
Fergus Moore, Co-founder
Studied at the Hunter Centre for Entrepreneurship and was part of the prestigious Saltire Foundation Scholar programme. International experience with a medical device technology company in Silicon Valley. He is passionate about continuing Scotland's proud heritage of innovation and pioneering technologies.
Dr Ryan Taylor, MRSC, Lead Chemist - Part Time
Years experience in the chemistry industry including with GSK & Syngenta. Previously founded blue biotech start up. PhD in Physical Chemistry, oversees all technical development work at Revive.
Dawn Thompson, MRSC, Senior Process Chemist
4+ years experience with a large CMO companies in process development and scale up. Masters degree in Chemistry.
Harvey Laud, Non Exec Director
15+ years industry experience in resource management and retail, current Director of Reconomy.
Actions
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To contact Revive, click here.