SlideShare a Scribd company logo
Startup`s point of view – building
up a bio-based business
Lari Vähäsalo, PhD
CH-Bioforce Oy
Founded in 2016 (Startup)
Commercialize the BLN
biomass fractionation
process
Head office in Espoo
R&D and piloting in Smart
Chemistry Park, Raisio
Biomass
main constituents
Hemicellulose
30 %
Lignin
22 %
Cellulose
42 %
Others
6 %
BIOMASS
Cellulose
Hemicellulose
Lignin
Others
• Extractives
• Salts
Natural renewable
fossile-free
biopolymers for
”Plastic” bags
Composites
Glues
”Carbon” fibers
Medicine and nutraceuticals
“Asphalt” roads
Emulsion
Paints
Fat barriers
3D-printer filaments
Textiles
………..
CH-Bioforce
process
Hemicellulose
30 %
Lignin
22 %
Cellulose
42 %
Others
6 %
CH-BIOMASS FRACTIONATION
Fractionate biomass to 100%
Main chemicals used
• Water
• Lye (NaOH)
Works on any biomass
Hardwood Softwood Straw Bamboo
TRADITIONAL PULPING
Building up a bio-based business
Road to success
• Superior technology
• Solid IPR strategy
• EPO vs USPTO a problem for
Startup’s in EU
• Dream team
• Patient financier
• Regulatory and/or consumer
awareness
• Marketing
Building up a bio-based business
Challenges for a Startup
• Chemical and process industry are extremely capital intensive
• Proof-of-concept piloting costs millions
• How to carry over the Valley of Death?
• Often without a revenue stream
• Without the loss of decision making
• Without converting from entrepreneur to employee
• Competitors usually large enterprises
• Basic operations pay for R&D costs
• → disproportionate financial advantage, yet on the same
line for public funding
Thank you!
lari.vahasalo@ch-bioforce.com
www.ch-bioforce.com

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Lari Vähäsalo, CH-Bioforce

  • 1. Startup`s point of view – building up a bio-based business Lari Vähäsalo, PhD
  • 2. CH-Bioforce Oy Founded in 2016 (Startup) Commercialize the BLN biomass fractionation process Head office in Espoo R&D and piloting in Smart Chemistry Park, Raisio
  • 3. Biomass main constituents Hemicellulose 30 % Lignin 22 % Cellulose 42 % Others 6 % BIOMASS Cellulose Hemicellulose Lignin Others • Extractives • Salts
  • 4. Natural renewable fossile-free biopolymers for ”Plastic” bags Composites Glues ”Carbon” fibers Medicine and nutraceuticals “Asphalt” roads Emulsion Paints Fat barriers 3D-printer filaments Textiles ………..
  • 5. CH-Bioforce process Hemicellulose 30 % Lignin 22 % Cellulose 42 % Others 6 % CH-BIOMASS FRACTIONATION Fractionate biomass to 100% Main chemicals used • Water • Lye (NaOH) Works on any biomass Hardwood Softwood Straw Bamboo TRADITIONAL PULPING
  • 6. Building up a bio-based business Road to success • Superior technology • Solid IPR strategy • EPO vs USPTO a problem for Startup’s in EU • Dream team • Patient financier • Regulatory and/or consumer awareness • Marketing
  • 7. Building up a bio-based business Challenges for a Startup • Chemical and process industry are extremely capital intensive • Proof-of-concept piloting costs millions • How to carry over the Valley of Death? • Often without a revenue stream • Without the loss of decision making • Without converting from entrepreneur to employee • Competitors usually large enterprises • Basic operations pay for R&D costs • → disproportionate financial advantage, yet on the same line for public funding