Frontier Ip Share Discussion Threads

[aqc888] 09/8/2024 12:58

Out of interest what was the time from seed to ipo for exscientia? Just for comparison to other frontier investments?

[best1467] 09/8/2024 12:48

Yes remarkably their original stake was only in the thousands and returned several millions

[best1467] 09/8/2024 06:14

So just waiting the ( Who Have Taken) Hopefully some revenue numbefurther down the line.
It’s just frustrating that while we have numerous exciting investments without the revenue potential been highlighted to gather some excitement we continue to o drift

[acuere] 08/8/2024 21:33

From Fipps HY update in March

“Nandi Proteins signed a commercial license with a leading global food ingredients business who will take Nandi's meat/fat replacer to market worldwide”

In Nandis last accounts they reiterate that “Commercial confidentiality is a key consideration”. So don’t expect to see any details of how much or who with posted on their website.

[jimmywilson612] 08/8/2024 14:44

hxxps://octopusinvestments.com/resources/insights/a-nation-of-innovation/

Video of the Fund Manager speaking with Neil CEO recently - haven't seen myself but clearly he's bought into the narrative and is opening up the purse strings and buying...

[jimmywilson612] 08/8/2024 14:30

Taken another slice for me! Although I'm deeply underwater at the moment so maybe best to ignore what I do with FIPP!! Saving for my retirement though as opposed to the steak dinner....

[aqc888] 08/8/2024 12:27

Would make sense for Frontier to be taken private. However following the last budget I recall there were to be incentives for U.K. pension companies to invests in early stage U.K. start ups. Frontier would be well placed to absorb some of that cash… a very easy way for a pension fund manager to make high quality purchases and at a 60% discount

[rivaldo] 08/8/2024 10:13

Octopus Investments are still buying - now up above 9% with 5.06m shares:

[best1467] 08/8/2024 08:37

Yes prior to deals been finalised They also said prior to 2023 YE Results they hoped to share major news regarding NaNdi and yes you guessed still nothing

[hastings] 08/8/2024 06:13

That is correct.

[jimmywilson612] 08/8/2024 06:11

Didn't FIPP say around Nandi that due to commercial agreements, there was only a limited amount of information that could be shared?

[best1467] 07/8/2024 17:05

Yes June 2014 is the latest news in the public domain Frontier should be demanding an update

[best1467] 07/8/2024 17:03

NEWS

POSTED ONJUNE 14, 2021
David Flower joins Nandi Proteins as Chief Executive Officer

Nandi Proteins has appointed David Flower as Chief Executive Officer. David is the former Managing Director, Europe, for Singha beer maker the Boon Rawd Brewery Company. He was previously Managing Director Home Baking for Kerry Foods.

David joins Nandi at an important stage. The Company is scaling up its first commercial products to create a wide range of customised ingredients based on vegetable and animal proteins. These functional proteins can be used to replace undesirable ingredients, such as fat, gluten and E-number additives in processed foods, or those that people do not want to consume — for example, replacing animal proteins with vegetable proteins.

The Company has gained significant industrial traction and is collaborating with major companies on several applications, including:

vegetable proteins to replace egg whites and xanthan gum in gluten-free products to improve their taste and texture. Nandi is leading a project in collaboration with one of the world’s biggest ingredient companies, AB Mauri, and Origin Enterprises, part of Agrii to develop this technology
vegetable proteins to replace egg whites in mycoprotein-based meat alternatives, turning vegetarian products into vegan products
vegetable proteins to replace chemical binders in plant-based alternative meats
proteins to replace chemical emulsifiers in baked products
animal proteins to replace fat in processed meats.
The technology is a suite of novel processes and process control technology to control very precisely the way proteins denature, consisting of hardware to sit in food manufacturing lines and software.

David has also been a Managing Director at Noon Foods and Commercial Director for Dairy Crest.

He is a non-executive director at Jack & Bry, which is developing jackfruit-based meat-free pepperoni pizza toppings, burgers and sausages.

I am delighted to be taking this leadership role for Nandi Proteins at such crucial time in the Company’s development. Against a backdrop of increasing consumer awareness of how important a healthy diet is and of the role of proteins within it, the Nandi offering is very relevant. Be it gluten replacements, fat substitutes, or others, Nandi’s technology will become part of the functional protein landscape.

Nandi Proteins Chief Executive Officer David Flower
POSTED ONSEPTEMBER 16, 2020
UK Government Future Fund invests £360,000 in Nandi Proteins as part of £720,000 fund raising
16 September 2020 Nandi Proteins Limited (“Nandi” or the “Company”;) today announces that it has successfully raised £720,000 via a convertible loan including £360,000 investment from the UK Government’s Future Fund, established to support innovative businesses through the COVID-19 outbreak.

The Future Fund’s investment has been matched by Frontier IP Group, a specialist in commercialising intellectual property, and Shackleton Finance Limited, a technology-focused venture capital manager. They have invested £320,000 and £40,000 respectively.

The convertible loan will enable Nandi Proteins to meet technical and commercial milestones for its novel process control technology. This is now at an advanced stage of commercialisation through collaborative partnerships with a number of major organisations.

Nandi’s technology has a wide range of potential applications. It is based on the knowledge that the functional properties of proteins change as they denature when heat is applied in a very precise way over time. As a result, the technology is able to create new protein-based ingredients to replace chemical additives and fats in processed foods, such as meats, cakes and a host of other products.

Among other projects, Nandi is leading a consortium developing gluten replacements for use in bread. Other members of the consortium include global ingredients business AB Mauri, part of FTSE 100 group AB Foods, and a major UK agronomy firm Agrii, a subsidiary of agri-services group Origin Enterprises. The project is backed by a grant from Coeliac UK and Innovate UK.

The Company is a spin out from Heriot-Watt University, Edinburgh. More information on the principles underpinning Nandi’s technology is below.

Nandi Proteins chairman John Price said : “I have been very impressed with the progress at Nandi Proteins since becoming chairman late last year, reflected in the range and strength of the industry collaborations it has been able to forge. We are confident that the Company will see the significant momentum generated to date accelerate as the results of our industry collaborations start to come through.”

Nandi Proteins Acting Chief Executive Officer and Frontier IP Chief Commercialisation Officer Matthew White said: “Nandi Proteins is addressing many of the food industry’s major concerns including the dangers of obesity, a problem thrown into greater focus by the impact of COVID-19. We are very much looking forward to continuing our work with both existing and new industry partners as they seek to tackle these issues.”

Nandi: the technology

Nandi’s patented technology is based on the knowledge that the functional properties of proteins change when they unfold (denature). Controlled denaturation can be used to deliberately change and control the protein functionality as an ingredient. The Company is focused on two protein types:

globular proteins, where the molecules are folded into a spherical shape, found in vegetables and dairy; and
spiral proteins, where long chains of molecules form spirals or helices. They are found in meat.
In both cases, chemical bonds along the length of, and between different portions of, the protein molecule keep the proteins in their shapes.

Applying heat breaks the weak bonds allowing the proteins to unfold. The structure of the protein that was previously ‘inside’ the folded protein is now exposed. This allows it to interact with its surroundings — for example by binding onto water molecules — enhancing functionality such as solubility and emulsifying ability.

The unfolded structure also allows for new chemical bonds to form between one protein to another. The result is that individual protein molecules can become joined together to create a network which will change functional properties such as thickening and gelation abilities.

These denaturation processes are already widely used in food ingredient processing and cooking. For example, an egg white consists of globular proteins suspended in water. When you fry the egg, the proteins unfold and create a mesh, which traps the water molecules. The egg white solidifies. The challenge is in controlling the process precisely. Cook the egg for too long, too many protein bonds form, the net’s mesh becomes too tight, and the white becomes rubbery.

By controlling the heat applied and monitoring the unfolding process extremely precisely, Nandi can precisely create protein functionality that allows it to replace the functionality of fat and additive molecules such as emulsifiers.

Nandi is capable of producing modified proteins from both globular proteins (present in a wide range of naturally-occurring foodstuffs, including whey, potato, soy and peas, as well as eggs) and spiral proteins present in meat (Nandi is specifically exploring the modification of collagen proteins).

Nandi achieves control of the unfolding process by using chemistry and light-based systems to measure in real time a range of key variables as heat is applied to proteins in solution. This allows the Company to maximise their functional properties, such as emulsification, solubility, acid stability, foaming, water binding and gelation.

The company’s technology includes proprietary sensor systems which can be used across existing manufacturing processes to control the variables and create functional proteins.

POSTED ONJANUARY 1, 2019
Nandi Proteins-led consortium wins joint Coeliac UK and Innovate UK grant to improve the quality of gluten-free bread
Nandi Proteins (“Nandi” or the “Company”;) today announces that the Company has won funding from Coeliac UK (the “Charity) and Innovate UK to develop gluten replacements for use in bread from faba beans, oats and rapeseed by-products.


The Charity and Innovate UK are supporting the £250,000 project with a £180,697 grant as part of a strategy to encourage manufacturers to extend their gluten-free product ranges. Consortium members include two food companies, gluten-free specialist Genius Foods and global ingredients business AB Mauri, part of FTSE 100 group AB Foods, and a major UK agronomy firm Agrii, a subsidiary of agri-services group Origin Enterprises. Heriot-Watt University, Edinburgh, will provide food science research facilities.

The project will see Heriot-Watt spin out Nandi use its patented processing technology (see below for an explanation) to create protein concentrates from natural raw materials supplied by Agrii. These materials include faba beans, a naked oat variety with a high protein content and rapeseed press cake (the residual seed material left once oil has been extracted) currently used as animal feed. Genius Foods and AB Mauri will then test the ingredients, adapt their bread formulations, and assess commercial feasibility.

Gluten, a protein found in wheat flour, is the main reason for bread dough’s strength and elasticity. However, people with coeliac disease, a lifelong autoimmune condition, must have a gluten-free diet. Replacements are hard to find. Many industrial gluten-free bread formulations use additives such as xanthan gum to improve structure and result in loaves with poor taste, inferior texture and lower protein content.

It is estimated that one per cent of the UK population is gluten intolerant and 15 per cent of households are looking to remove gluten from their diets.

Nandi’s technology is also being used to develop novel ingredients to replace a range of other additives, fat and sugar in processed foods.

Coeliac UK chief executive Sarah Sleet said: “Coeliac UK is a world leader on coeliac disease, supporting research that makes a real-world impact. The research on innovative gluten-free ingredients will keep the UK ahead in the food industry’s expansion into gluten free.”

Dr Kath Mackay, Director of Ageing Society, Health and Nutrition at Innovate UK, said: “Stimulating innovation in our food and health sectors are crucial components of the government’s industrial strategy. By working with Coeliac UK, we will be able to offer funding that results in improved quality of life for people with this condition and support and stimulate our vibrant health care and food technology sectors.”

Frontier IP chief executive officer Neil Crabb said: “This grant from the UK’s leading charity dedicated to helping people who need to live without gluten and the involvement of three major industry partners represents very strong validation for Nandi’s novel technology. We look forward to the day when sufferers of the disease or those simply looking to avoid gluten can enjoy a high-quality loaf of bread.

“However, replacing gluten is only one of many potential applications for the technology. Others include replacing a wide range of additives, sugar and fat in a whole host of processed foods, from cakes to meats. We are pushing on with development.”

CONTACT US

Mail NEWS

POSTED ONJUNE 14, 2021
David Flower joins Nandi Proteins as Chief Executive Officer

Nandi Proteins has appointed David Flower as Chief Executive Officer. David is the former Managing Director, Europe, for Singha beer maker the Boon Rawd Brewery Company. He was previously Managing Director Home Baking for Kerry Foods.

David joins Nandi at an important stage. The Company is scaling up its first commercial products to create a wide range of customised ingredients based on vegetable and animal proteins. These functional proteins can be used to replace undesirable ingredients, such as fat, gluten and E-number additives in processed foods, or those that people do not want to consume — for example, replacing animal proteins with vegetable proteins.

The Company has gained significant industrial traction and is collaborating with major companies on several applications, including:

vegetable proteins to replace egg whites and xanthan gum in gluten-free products to improve their taste and texture. Nandi is leading a project in collaboration with one of the world’s biggest ingredient companies, AB Mauri, and Origin Enterprises, part of Agrii to develop this technology
vegetable proteins to replace egg whites in mycoprotein-based meat alternatives, turning vegetarian products into vegan products
vegetable proteins to replace chemical binders in plant-based alternative meats
proteins to replace chemical emulsifiers in baked products
animal proteins to replace fat in processed meats.
The technology is a suite of novel processes and process control technology to control very precisely the way proteins denature, consisting of hardware to sit in food manufacturing lines and software.

David has also been a Managing Director at Noon Foods and Commercial Director for Dairy Crest.

He is a non-executive director at Jack & Bry, which is developing jackfruit-based meat-free pepperoni pizza toppings, burgers and sausages.

I am delighted to be taking this leadership role for Nandi Proteins at such crucial time in the Company’s development. Against a backdrop of increasing consumer awareness of how important a healthy diet is and of the role of proteins within it, the Nandi offering is very relevant. Be it gluten replacements, fat substitutes, or others, Nandi’s technology will become part of the functional protein landscape.

Nandi Proteins Chief Executive Officer David Flower
POSTED ONSEPTEMBER 16, 2020
UK Government Future Fund invests £360,000 in Nandi Proteins as part of £720,000 fund raising
16 September 2020 Nandi Proteins Limited (“Nandi” or the “Company”;) today announces that it has successfully raised £720,000 via a convertible loan including £360,000 investment from the UK Government’s Future Fund, established to support innovative businesses through the COVID-19 outbreak.

The Future Fund’s investment has been matched by Frontier IP Group, a specialist in commercialising intellectual property, and Shackleton Finance Limited, a technology-focused venture capital manager. They have invested £320,000 and £40,000 respectively.

The convertible loan will enable Nandi Proteins to meet technical and commercial milestones for its novel process control technology. This is now at an advanced stage of commercialisation through collaborative partnerships with a number of major organisations.

Nandi’s technology has a wide range of potential applications. It is based on the knowledge that the functional properties of proteins change as they denature when heat is applied in a very precise way over time. As a result, the technology is able to create new protein-based ingredients to replace chemical additives and fats in processed foods, such as meats, cakes and a host of other products.

Among other projects, Nandi is leading a consortium developing gluten replacements for use in bread. Other members of the consortium include global ingredients business AB Mauri, part of FTSE 100 group AB Foods, and a major UK agronomy firm Agrii, a subsidiary of agri-services group Origin Enterprises. The project is backed by a grant from Coeliac UK and Innovate UK.

The Company is a spin out from Heriot-Watt University, Edinburgh. More information on the principles underpinning Nandi’s technology is below.

Nandi Proteins chairman John Price said : “I have been very impressed with the progress at Nandi Proteins since becoming chairman late last year, reflected in the range and strength of the industry collaborations it has been able to forge. We are confident that the Company will see the significant momentum generated to date accelerate as the results of our industry collaborations start to come through.”

Nandi Proteins Acting Chief Executive Officer and Frontier IP Chief Commercialisation Officer Matthew White said: “Nandi Proteins is addressing many of the food industry’s major concerns including the dangers of obesity, a problem thrown into greater focus by the impact of COVID-19. We are very much looking forward to continuing our work with both existing and new industry partners as they seek to tackle these issues.”

Nandi: the technology

Nandi’s patented technology is based on the knowledge that the functional properties of proteins change when they unfold (denature). Controlled denaturation can be used to deliberately change and control the protein functionality as an ingredient. The Company is focused on two protein types:

globular proteins, where the molecules are folded into a spherical shape, found in vegetables and dairy; and
spiral proteins, where long chains of molecules form spirals or helices. They are found in meat.
In both cases, chemical bonds along the length of, and between different portions of, the protein molecule keep the proteins in their shapes.

Applying heat breaks the weak bonds allowing the proteins to unfold. The structure of the protein that was previously ‘inside’ the folded protein is now exposed. This allows it to interact with its surroundings — for example by binding onto water molecules — enhancing functionality such as solubility and emulsifying ability.

The unfolded structure also allows for new chemical bonds to form between one protein to another. The result is that individual protein molecules can become joined together to create a network which will change functional properties such as thickening and gelation abilities.

These denaturation processes are already widely used in food ingredient processing and cooking. For example, an egg white consists of globular proteins suspended in water. When you fry the egg, the proteins unfold and create a mesh, which traps the water molecules. The egg white solidifies. The challenge is in controlling the process precisely. Cook the egg for too long, too many protein bonds form, the net’s mesh becomes too tight, and the white becomes rubbery.

By controlling the heat applied and monitoring the unfolding process extremely precisely, Nandi can precisely create protein functionality that allows it to replace the functionality of fat and additive molecules such as emulsifiers.

Nandi is capable of producing modified proteins from both globular proteins (present in a wide range of naturally-occurring foodstuffs, including whey, potato, soy and peas, as well as eggs) and spiral proteins present in meat (Nandi is specifically exploring the modification of collagen proteins).

Nandi achieves control of the unfolding process by using chemistry and light-based systems to measure in real time a range of key variables as heat is applied to proteins in solution. This allows the Company to maximise their functional properties, such as emulsification, solubility, acid stability, foaming, water binding and gelation.

The company’s technology includes proprietary sensor systems which can be used across existing manufacturing processes to control the variables and create functional proteins.

POSTED ONJANUARY 1, 2019
Nandi Proteins-led consortium wins joint Coeliac UK and Innovate UK grant to improve the quality of gluten-free bread
Nandi Proteins (“Nandi” or the “Company”;) today announces that the Company has won funding from Coeliac UK (the “Charity) and Innovate UK to develop gluten replacements for use in bread from faba beans, oats and rapeseed by-products.


The Charity and Innovate UK are supporting the £250,000 project with a £180,697 grant as part of a strategy to encourage manufacturers to extend their gluten-free product ranges. Consortium members include two food companies, gluten-free specialist Genius Foods and global ingredients business AB Mauri, part of FTSE 100 group AB Foods, and a major UK agronomy firm Agrii, a subsidiary of agri-services group Origin Enterprises. Heriot-Watt University, Edinburgh, will provide food science research facilities.

The project will see Heriot-Watt spin out Nandi use its patented processing technology (see below for an explanation) to create protein concentrates from natural raw materials supplied by Agrii. These materials include faba beans, a naked oat variety with a high protein content and rapeseed press cake (the residual seed material left once oil has been extracted) currently used as animal feed. Genius Foods and AB Mauri will then test the ingredients, adapt their bread formulations, and assess commercial feasibility.

Gluten, a protein found in wheat flour, is the main reason for bread dough’s strength and elasticity. However, people with coeliac disease, a lifelong autoimmune condition, must have a gluten-free diet. Replacements are hard to find. Many industrial gluten-free bread formulations use additives such as xanthan gum to improve structure and result in loaves with poor taste, inferior texture and lower protein content.

It is estimated that one per cent of the UK population is gluten intolerant and 15 per cent of households are looking to remove gluten from their diets.

Nandi’s technology is also being used to develop novel ingredients to replace a range of other additives, fat and sugar in processed foods.

Coeliac UK chief executive Sarah Sleet said: “Coeliac UK is a world leader on coeliac disease, supporting research that makes a real-world impact. The research on innovative gluten-free ingredients will keep the UK ahead in the food industry’s expansion into gluten free.”

Dr Kath Mackay, Director of Ageing Society, Health and Nutrition at Innovate UK, said: “Stimulating innovation in our food and health sectors are crucial components of the government’s industrial strategy. By working with Coeliac UK, we will be able to offer funding that results in improved quality of life for people with this condition and support and stimulate our vibrant health care and food technology sectors.”

Frontier IP chief executive officer Neil Crabb said: “This grant from the UK’s leading charity dedicated to helping people who need to live without gluten and the involvement of three major industry partners represents very strong validation for Nandi’s novel technology. We look forward to the day when sufferers of the disease or those simply looking to avoid gluten can enjoy a high-quality loaf of bread.

“However, replacing gluten is only one of many potential applications for the technology. Others include replacing a wide range of additives, sugar and fat in a whole host of processed foods, from cakes to meats. We are pushing on with development.”

CONTACT US

Mail

[best1467] 07/8/2024 15:35

I thought that at 35p Pulsiv launched the USB charger in March but 4 months later they are awaiting final sign off on the finished product.
I was told by Pulsiv some weeks ago that the RNS was ready to go they were just awaiting sign off on the finished design imminently.We heard several months ago from frontier regarding major news from Nandi proteins but yet again Nothing

[aqc888] 07/8/2024 10:42

Looks very positive, shame no news on Pulsiv. AIM investors are used to promises not materialising. However Frontier IP often under promises and over delivers. I also very much like the huge stake the CEO owns (6.36%) and his modest salary. The only way is surely up from here..

[ohisay] 06/8/2024 14:02

Indeed.
I added another 5k at 28p too .Simply too cheap .
Thankyou Mr Market...

[bdbd11] 06/8/2024 11:23

Just had another look here as a long term holder of a small stake, well under water. It's led me to making a small average down this morning with the discount to nav now standing at over 60%. Given the tiny valuation I wouldn't be surprised if someone snapped it up and sold off the bits.

[slicethepie] 05/8/2024 15:33

Fwiw similar funds ie ip group behaving the same so not fipp specific

[best1467] 05/8/2024 10:05

I’m becoming increasingly suspicious with the ever lower stock price of an imminent placing.
You see it time and time again with companies we’re the valuation keeps dropping as those insiders sell down knowing they will be back in at the lower placing price

[jimmywilson612] 05/8/2024 08:04

Love that Aramco Ventures are getting involved - should open up some doors.


FIPP has gone from 32.1% > 23.97% so assume they didn't get involved in the funding this round. I'll be interesting to see how much this now values GraphEnergyTech at.

It is a fairly new addition to the porfolio so don't have a huge amount of insights into it.

Half Year Report;
The valuation of the Group's investment in GraphEnergyTech increased by £1,230,000 during the six months to 31 December 2023, 44 per cent of the net fair value increase in unquoted equity investments.

[masurenguy] 05/8/2024 06:16

Portfolio news - GraphEnergyTech secures £1m pre-seed investment led by Aramco Ventures

Frontier IP, a specialist in commercialising intellectual property, today announces that portfolio company GraphEnergyTech (or the "Company") has raised £1m through the Company's first external equity funding round. The fundraising was led by Aramco Ventures, the corporate venturing arm of Aramco, the world's leading integrated energy and chemicals company. Frontier IP, a GraphEnergyTech co-founder, now holds a 23.97% equity stake. Proceeds will be used to accelerate development and scale up of GraphEnergyTech's advanced high-conductivity graphene electrodes.

[rivaldo] 24/7/2024 12:34

Good news from Alusid too, with a likely "world first" - and good to see IPO options still being explored:



"Alusid makes tile from 100 per cent recycled content in “probable” world first

19/7/2024

Alusid has created “probably the world’s first 100 per cent recycled tile”, thanks to funding and other support from the UK government’s Transforming Foundation Industries (TFI) Challenge.

The company developed and successfully piloted a glaze made entirely from recycled materials to use with its tile bodies, which are already made from industry-leading levels of recycled content.

Alusid is now exploring the potential to use the glazes with its Spanish and Italian sub-contractors, who are mass manufacturing tiles for customers such as Topps Tiles and Starbucks. Frontier IP holds a 35.4 equity stake in the company.

“I had a vision of being able to make a tile product that was 100 per cent recycled, probably the world’s first 100 per cent recycled commercially manufactured, mass-produced tile, and the TFI Challenge allowed us realise that dream.
Alusid co-founder and creative director David Binns

Chief executive Alasdair Bremner said the Challenge meant Alusid had been able to engage with larger companies to gain access to raw materials, and on production and scale up.

The TFI Challenge, which is led by Innovate UK, was set up to transform foundation industries such as ceramics, metals, cement, glass, paper and chemicals. The government wants to make them more competitive, secure more jobs in the UK, and ensuring their growth is environmentally sustainable. It contributed £53,000 to Alusid’s costs for the project.

Alusid is currently exploring options for an initial public offering.

Earlier this year, the company launched its first range of floor tiles, which are being sold by Parkside Architectural Tiles, the commercial arm of Topps Tiles. The range is called Mas and consists of 98.5 per cent recycled content. According to published comparison EPDs, Mas is also one of the lowest emission floor tiles on the market at 5.9kg per square metre compared to 10.7kg per square metre for the average Spanish ceramic tile."