Lund, Sweden – TekInn has developed a cost-effective process that converts waste flows from the food and agricultural industries into valuable ingredients for use in areas such as skin care, food and animal feed. TekInn has now been admitted to SmiLe’s incubator program and is in the phase of commercializing its offering.
Within industry, there is a driving force to find applications for waste flows in order to achieve more environmentally sustainable operations. Today, some industrial residue is used in biogas production or animal feed, but much of it becomes waste. The company TekInn was founded with the vision of contributing to a circular society by refining waste flows from industry into valuable new ingredients and raw materials.
TekInn’s unique offering is the company’s technology platform and specific know-how based on years of research and development. The company is involved in several collaborative projects with prospective customers. The plan is to license the technology to manufacturers of cosmetics and skin care products, as well as to the agricultural, food and feed industry. Now the founders — Dr Jafar Mahdavi, who has conducted research in the field for many years, and Fredrik Jonsson, the company's business developer — will commercialize the offering with support from SmiLe Incubator.
“We look forward to receiving help from SmiLe's experts with matters such as patents and our business plan. We’re currently engaged in discussions with several potential partners to build networks between industries that have waste flows and manufacturers that want to use our technology to refine the waste material into valuable raw materials, after which new or improved healthy products can be created, rooted in a circular sustainable concept,” says Fredrik Jonsson, co-found of TekInn.
“TekInn is an exciting addition to the group of SmiLe companies that are active in biotechnology and have a focus on the environment. In addition to business support in the incubator program, the company will also conduct its development activities in SmiLe’s laboratories. It will be extremely interesting to help them to fine-tune their business model and ensure that this ecofriendly technique is commercialized,” says Ebba Fåhraeus, CEO of SmiLe Incubator.
For more information, please contact: Ebba Fåhraeus, CEO of SmiLe Incubator, +46 (0)73 4000433, email@example.com
More information about the technology: Dr Jafar Mahdavi has developed a technique that uses specially selected bacteria to produce valuable substances from industrial waste flows. During the process, products are formed that can become highly interesting ingredients in cosmetics and skin care products, as well as useful fiber in food and animal feed. The company is collaborating in several development projects with prospective customers in areas such as food and skin care. These collaborations will lead to products with improved properties for cosmetics and skin care, as well as for nutrient-enriched foods and animal feed.
SmiLe Incubator is a life science business incubator based in Medicon Village in Lund, Sweden. SmiLe helps entrepreneurs commercialize their ideas. There are currently 25 companies in SmiLe which, together with alumni companies, have attracted more than EUR 460 million in venture capital to date since 2014. SmiLe offers excellent business coaching, a broad international network of contacts and a dynamic community, as well as well-equipped laboratories which is unique of its kind in Sweden. SmiLe is a non-profit organization and receives basic funding from Region Skåne, Lund Municipality, Lund University and Medicon Village. SmiLe´s sponsors are Agilent, Sparbanken Skåne, Awa, Høiberg, Prevas, Setterwalls, Zacco, Aqilion. SmiLe’s listed alumni companies have a market capitalization of EUR 1,3 billion (Q1 2021). www.smileincubator.life