Biova 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.