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Feeding People without Consuming Earth

October 2018
Confidential
The Solution
Switching to an insect-derived protein

It is estimated that insects


form part of the traditional
diets of at least 2 billion
people.

Edible Insects
Research
Insects are a highly nutritious
(2013)
and healthy food source with
high fat, protein, vitamin, fiber
and mineral content.
Our solution: Fruit Fly Larvae
√ Rich
Richin
inProtein,
Protein, Iron, Calcium,Calcium,
Magnesium, Magnesium
Iron
Magnesium
√ Best essential amino acid profile (eAA)
No Cholesterol
√ Very low Cholesterol
√ High quality fatty acids – Omega7
√ Vegetarian fly - eats fruits only!
√ No hormones, antibiotics, pesticides
√ No shared zoonotic diseases with humans
√ Self cleaning insect – gut purged on last day
√ Free of greenhouse gas pollution
√ Utilizing almost no water
√ Negligible land abuse
√ No waste
√ Short life span of only 6 days
√ In which body mass grows by 15 times
Proprietary rearing
√ Efficient low cost diettechnology
Low cost diet
√ Self harvesting insect
High quality protein powder
• 70% Protein
• 12% Minerals
• 7% Fiber
• 8% Fat
• Functional
• Tasteless & Odorless
Countless potential applications

Dairy analogs Baked goods Chicken substitutes Meat substitutes

Cereals Pasta Milk Substitutes Sports Nutrition


Tremendous interest from the industry
Collaboration with

• IKEA chose 10 companies out of 1,300


• 3 month Bootcamp at IKEA’s HQ
• IKEA operates 402 restaurants
• In 44 markets
• 2 billion euros yearly turnover from food
Collaboration with

• The largest baking company in the world, over $16


billion yearly turnover
• Two different categories are being developed: Protein enriched bread

• Sandwich bread
• Sweet baked goods (“Pronut”)
• Successful Pilots in 3 universities and experts panels
• Scale up and supplying discussions
Pronut –protein enriched doughnut
Going Forward - Scale Up
Advanced Rearing Technology:
• Optimizes the yield of fruit fly larvae (kg/m2)
• Lowers costs to under $0.5/kg (at scale)

Processing Technology:
• Protein Concentration Proprietary
Low cost High quality
• Oil Separation liquid diet Protein

• Chitin Extraction
Pipeline of products
Value

High

Clinical Nutrition

Oil, Chitin

Protein Products

Low
Time
2019 2020 2021 2022 2023
Global protein ingredients market
expected to reach $50 billion annually by 2025 (now ~$30 billion)

9.5% • World population is growing


• Demand for alternative protein is increasing
17.1%
52.4%
• Current food sources are not sustainable
21.0%
• Increased demand for personalised nutrition

Source: Grand View Research, 2018


Regulations
North America and Canada* Europe

Middle East
Southeast Asia

South America Africa

Australia
Our Journey
Universities
Series A
Research Institutes
Seed Production Line
Round

Bootstrap

2015 2016 2018


2017
R&D for farming
F&F and processing
Pilots

Angel Investors
Team

Eran Gronich Keren Kles (PhD) Adi Vider (MSc)


Co-Founder & CEO Co-Founder & CTO COO
___________________ _______________________ ___________________
Experienced Entrepreneur, Food Scientist, specializing in Production Manager, 10 years
founded several companies (one proteins and ingredients of experience in process
exit). BA in Business functionality. BSc in Biochemistry engineering, scale-up, R&D, and
Management & Marketing, MBA & Food Science and PhD in Food operations. M.Sc and B.Sc in
in Finance Science & Technology Chemical Engineering

Doron Zaada (MSc) Ariel Katz (PhD)


V.P Entomology Chairman of the Board
__________________ __________________
Entomologist, specializing in Founder and former CEO and
mass rearing of flies. BSc in President of Enzymotec (NASDAQ:
Agroecology, MSc in Entomology ENZY)

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