Biova | Mamacrowd

TAX Bonus

Innov STARTUP

SIM

LP

I3P

Biova Project

Sustainability

A project created to create sustainable food products that combat waste by using surplus from large retailers instead of virgin raw materials.

  • B-Corp company, since founding has saved more than 12 tons of bread from waste

  • Growth 270% YoY first quarter 2023 over 2022

  • Products already on the shelves of large-scale retail trade and major Ho.Re.Ca chains

  • 810.000 € of capital already raised

Professional Investor

Professional Inv.

Goal min 399,99 k€

Goal max 1,64 Mln€

Total Collected

459.152 €

Investors

63

Pre-Money

6 Mln€

Minimum goal

399,99 k€

Minimum Order

494,55 €

Days left

43


  • Project
  • Market and Target
  • Business Model
  • Financial projections
  • Use of funds
  • Rewards for Investors
  • Team
immagine copertina

Project

Every year in Europe 931 million tons of food is wasted.* 158.27 million tons are derived from bread, pastries and dried foods.

Biova Project was created to give a second life to these surplus foods that are in danger of becoming waste. Born in 2019, Biova chose beer as its first product to test its model in the market: a range of beers created to combat food waste, extracted from unsold bread, pasta scraps and broken rice. From 150 kg of unsold bread, 2,500 liters of craft beer are produced , saving 30 percent of virgin raw materials.

The range of circular beers now has seven references, four from reclaimed bread, two from broken pasta and one from rice, for gluten-free beer.

Biova also has just launched the first circular economy snack, using spent grain, that is, what remains as a byproduct of brewing, to create Ri-Snack, and is working on the development of a paste made from beer grain and dough scraps, with a process for which a patent has been filed. Biova is moving beyond the normal customer/supplier logic, going on to build partnerships with the parties who have supplied the unsold products, who also become the channels through which Biova Project products are distributed. To date they can be found on the shelves of major Ho.re.ca chains and also in large-scale retail chains such as in COOP Nord Ovest (300 pdv) and Carrefour (100 pdv), on Cortilia and at many other distributors. Successful partnerships have served chains such as Capatoast (40 restaurants) and all of Ikea Italy (22 restaurants and bars). The products are also having a good response in luxury hotellerie, in chains such as Melia, Mandarin Oriental, Nh, Radisson. The first four months showed a 270 percent growth over the 2022 performance, a year in which the company had sales of about 200,000 euros. As of June 2023, Biova Project is officially certified B Corp with a final score of 98.3.

The startup has passed two incubation programs, in Social Fare and in I3P (the Incubator of the Polytechnic of Turin), participated in B Heroes and raised from the foundation about €800k from investors.

With this equity crowdfunding campaign Biova Project intends to expand its capacity to recover and process unsold waste by building new treatment and logistics centers (Surplus Treatment Unit), invent and develop new circular economy products (in the pipeline is a sweet snack, a soft drink, and a range of spreadable creams), and increase its awareness through a multichannel advertising campaign.

*UNEP FOOD WASTE INDEX REPORT 2021

Tax benefits of 30 percent apply on Biova Project .

On the campaign is available the optional Rubrication free of charge for the Investor as the costs are borne by Biova Project.

Biova Project reserves the right of "liquidation preference" for all investors who join the campaign, who will therefore be reimbursed first in the event of an exit than the company's other shareholders (according to the order of preference indicated in the bylaws). All conditions are published in the bylaws found in the Documents section.

20230908060974_cb3d9bbe_development%20map

Want to find out more about this project?

Do you already have an account?

Biova Project

The information on the offer is not subject to approval by Consob. The Offering company is solely responsible for the completeness and truthfulness of the data and information provided by the latter. The investor's attention is also drawn to the fact that the investment, even indirect, through OICR or companies that invest mainly in financial instruments issued by innovative startups and SMEs is illiquid and characterised by a very high risk.

By using the services of Mamacrowd you accept our cookies policy. We and our partners operate globally and use cookies, including for statistical, advertising and customisation purposes.

Show preferences