Marel Q1 2024 Investor Presentation from May 8, 2024
10 years on... (Building AgriTec companies)
1. Ten years of tech development and
company building
Prof. Toby Mottram FREng
2. Our Market is Global and growing
200 m cows worldwide with annual income of £2000 = £40bn
turnover pa. Growing at 4-8 % annually, 1 million managers
5. Main Challenges in Dairy Cow
Management
Getting Cows pregnant (fertility)
Feeding them correctly (rumen nutrition)
Health management
Calving (transition)
Lameness
Mastitis
6. Ecow invented rumen pH bolus
Patented 2007
Inserted by mouth
Retained in cows stomach
Data downloaded by radio to smartPhone
Improves cow nutrition
500 sold annually with 40% growth annually
7. Developing in-line milk analysis of progesterone
Solving the fertility crisis in dairying
Raised £1.2 m of grants and equity investment
Now recruiting engineers and analysts
Product Launch planned for 2018
8. Visionary
To map global animal health data and drug use
A strategy for the next 20 years
Opportunistic
SmartAgriFood 100% funded !
We had a software team but no money
Needed capability in RESTful tech in eCow and
Milkalyser
Raised our profile
VirtualVet (2014….)
Now a company with a growing database but no paying customers yet
9. Getting eCow Started
Filed a patent (cost £130)
Won a £70k grant from Smart Scotland
First customer 2011
Kept the day job at Scottish Enterprise
Recruited a designer
Grew with sales, retain good people,
sack the bad
10. Start small, aim large
Don’t give up the day job
Keep the costs down
Bootstrap
Win grants
Free money but there is a cost
File patents
With minimal help
Be opportunistic
Survive
What do funders want
Jobs - GVA
Growth
Visible results
Fashion driven
Need matching funding
11. Grantsmanship
Check out the scope
Do background research
what is the hit rate ?
How big is the fund ?
Cost/benefit of writing the proposal
Look at the submission date
Recycle words from the call
Help the assessors see that the call requirements are met
Make use of resubmit options if you get turned down
12. Summary
After 10 years
I am not rich
I work about 40 hours a week
I am rarely stressed by money or work
I have an exit plan to sell the businesses as they
mature
I have participated in revolutionising the dairy industry
I love Friday afternoons when I look around me...