The document summarizes MWT-Analytics, a startup providing a system for monitoring, warning, and tracing microbial contamination in the food industry. It has four founders with expertise in food safety, microbiology, data analysis, and biophysics. The company has developed a high-throughput analytical platform and big data analysis tools over 20 years. Their system collects sample data, analyzes it using MALDI-TOF, FTIR and other methods, and monitors, warns of, and traces contamination in food production lines using their software and spectral database. Their market is food processors and analytical labs worth $12 billion annually growing to $19.5 billion by 2022. Their business model involves licensing their database and charging $200
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This seminar looked at some recent developments in Consumer price statistics and was chaired by Paul Johnson, Director of the Institute for Fiscal Studies and author of the 2015 Johnson Review of UK Consumer Price Statistics. Tanya Flower (ONS) spoke on new data sources in the UK consumer price statistics.
This seminar was the latest in a series organised jointly by the Royal Statistical Society (RSS), the Royal Economic Society (RES), the Economic Statistics Centre of Excellence (ESCoE), Office for National Statistics (ONS) and the Society of Professional Economists (SPE). It is part of a wider effort to ensure that UK economic statistics keep pace with the changing shape of modern economies and societies, and continue to meet the needs of users.
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This year sees businesses continue to respond to the pandemic and adjust to the new EU-UK Trade and Cooperation Agreement, while at the same time addressing issues like climate change and digitalisation.
As such, Enterprise Ireland has identified the following strategic priorities for 2021:
• Strengthen Irish enterprise to respond to market shocks and disruption in response to COVID-19 and Brexit
• Drive transformational change and the pace of innovation transitioning to new business models, digitalisation and the low carbon economy
• Scale and Grow the export and start-up base, across regions and sectors and grow companies of all sizes.
Enhancing, nurturing and leveraging the research and innovation ecosystem is key to Enterprise Ireland achieving these objectives.
There are many ways Walton Institute and TSSG Technology Gateway aligns with Enterprise Ireland, and promotes Irish industry.
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Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
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Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
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Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
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Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
2. Team &
Partners
Team: four co-founders with high level expertise in food safety control,
microbiology, data analysis and biophysics
• Unique competencies within emerging techniques for food safety control
• High-throughput technological platform developed during 20 years
• Big data analysis platform for high-dimensional analysis
3. Monitoring,
Warning and
Tracing in
food industry
Company Size Losses Cases
Elopak,
Norway
Number of employees is 2800,
and 11 production unites.
100.000
Euro
Annually
Fonterra,
New Zealand
Revenue is 22billion$ and 22000
employees
60Mio$ In 2013, due to the
contamination of milk
2016: Salmonella and Listeria in
Israel! Mios $$ of loses!
2016: Salmonella in UK and Listeria
in Norway! Mios $$ of loses!
5. Business Idea:
ASystem for
Monitoring,
Warning and
Tracing of microbial
contamination in
food industry
High-throughput
Automted Platform
IPR on analytical &
data analysis
technology
Ten years experience
in developing the
MWT-concept
We OFFER Spectral Database
We OFFER Data Management System - software contaning Big
Data analysis algorithms
We OFFER analytical platform for MALDI-TOF and FTIR
6. The use of
MWT-System
in food
industry
Food production line
Samples taken along the production line
Analytical Platform
(MALDI-TOF, FTIR)
Monitoring
Warning
Tracing
Data from other analytical
platforms
Data
MWT-Software-Database
Big Data Analysis
7. Market
Sector: Food Processing Industry/Analytical labs
Total available market: USD 12.03 Bn in 2015, and is expected to reach
USD 19.50 Bn by 2022.
Total available market in EU countries – appox. USD 1 Bn
Possible
customers
per today
Norway: TINE, Elopak, Nortura, Denmark: Arla, Finland:Valio
Germany:Tetrapak, France: GEA, Netherlands: Unilever,
Israel: Tnuva
Similar
actors on
the market
Market
8. We provide
A System for Monitoring, Warning andTracing of microbial
contamination in food industry – MWT-System
9. MWT-System and installation
• Establishment of protocols and routines
• Software installation
• Establishment of connection to existing databases and analytical
methods (FTIR and MALDI-TOF)
• Training
Maintenance (long-term customer relation)
• Database updates
• Software updates
• Process analysis
• Long-term support: Management of historical data by Big Data
analysis and improvement of food safety routines
10. Business
Model,
Price and
Customers
• Subscription
• Licenses for database
• 200.000Euro for MWT-System and its
integration
• 50.000Euro/annually for service
• 143 000 large food companies in Europe
• 450 000 large companies in Europe, MENA and
APAC region
11. Road Map
2016
2017
2018
2019
2020-
2021
Database
finished
Software
prototype
IFU –
Innovasjon
Norge ( first
customer
TINE)
Database
and Software
is finished
First
customer
TINE –
integration
finished
Market
activities
have started
3 Customers
Data
Analysis
Algorithms
Analytical
Platform for
sample
analysis
FTIR Spectral
Database –
300 entities
10 year
Experience
Continuous
marketing
4-6 Customers
Possible
Industrial exit
12. Financial plan
Investments in 2017-2018:
2017: Development of Database. Investment need: 880000 NOK
2018: Development of Software. New investment need: 1 060 000 NOK
Remaining capital need will be provided by IFU project and customer
Marketing: Marketing activities have started and will be intensified for the
Databases for 2017 and for the software in 2018.
-10.00
-5.00
0.00
5.00
10.00
15.00
20.00
2017 2018 2019 2020 2021
MillionsNOK
Cash
Cash
13. Investments
2017
With 880kNOK investor money, we can achieve
an investment of additional 1.3 Mio NOK
through an IFU project financed by Innovation
Norway
This will be invested to employ 1 microbiologist
(full-time) in 2017 and 1 software engineer/data
science person (20%)
For an IFU project we have several possible
customers (Elopak,TINE, Nortura)
14. Risks and
Handling Plan
New competitors
High company value will secure outcompeting position on
the long run. More than 10 years experience in developing
technological analytical platform and Big Data analysis tools.
Unexpected development costs
IFU project through the close relation to the customer will
eliminate risks related to the unexpected development costs.
The team of MWT-Analytics has ready-to-integrate
technological and data analysis platform.
New solutions
The MWT-System is highly flexible and have an ability to
integrate all types of data originated from existing analytical
platforms as well as from the new ones.
Current Monitoring, Warning and Tracing of microbial contamination in food industry does not fulfill Food Safety regulations.
Economic loses due to non-adequate monitoring are big.
MALDI-TOF and FTIR spectroscopy is new emerging technologies for food safety control in food industry. They give a potential to accomplish continuous Monitoring, Warning and Tracing of microbial contamination.
Currently, there is NO competing company offering analysis based on the same technology. But, due to the reason that scientific community in the field of FTIR and MALDI-TOF is growing, there is a risk that new start-up(s) offering similar service will appear
The success of the MWT strongly depends on the size of the reference database and smartness of the software architecture. Thus, unexpected additional costs may appear for the extanding database and software development. Specific needs from customers
The field of microbiological analysis is rapidly developing and new advanced methods appears. For example, NGS (next generation sequencing/genetic method) might be a competitor to our solution.