Role: 1169

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Beakbook is building scientific monitoring and prediction tools for agriculture, starting with poultry. It’s technology accurately quantifies the health of the animals, encourages exercise and thus a healthier living environment, and takes the guess work out of the harvest timing (reducing farmers cost). The company believes it’s insights will have a huge appeal to the Supermarket chains which represent the largest clients for poultry.

As such they are looking to recruit an Investing Non-Executive Director with experience in the Supermarket industry, ideally the buy side, and with a good network of connections. The successful candidate will help Beakbook with introductions to the Supermarket industry, where it is hoped they will recognise the benefits of technology, and encourage its use by the farms that supply them.

Their technology has been featured in international farming publications, such as WattPoultry and AgFunder News. They have been accepted into accelerator schemes from Nvidia and Amazon for their focus on sustainability and AI. They have also won a highly competitive, funded pilot (valued at over £60k) with one of SE Asia’s leading agri-food firms.

The business concept is to be a leader in livestock data collection and analytics, an area that has remained largely untouched by incoming technologies. Their farm-centric IoT data pipeline and hardware solution allows reliable, continuous, livestock data collection, and is set to revolutionise the agricultural industry.  Using machine learning and sophisticated algorithms, the summary statistics and forecasts are highly accurate.  Hence the growing process becomes more efficient for the farmer, and kinder on the poultry.  As their centralised database builds over time, the accuracy is further enhanced, and additional software services can be developed.

The Non-Executive Director will be encouraged to become a shareholder in the Company to align the incoming Non-Exec’s interest with that of the existing Directors who are shareholders.

Business Concept:

Our client was born from analysis work in the farming industry, which revealed that many practices in livestock production, especially in relation to weight measurement (a key indicator of health) were entirely manual. The team soon evolved into a start-up business with an IoT SaaS solution that has transformed the weighing and data analysis processes.

  • Autonomous health monitoring and analytics services, using machine learning for enhanced accuracy.
  • Technology-enabled health forecasting services for fast illness detection and confident weight estimates.
  • Enable farmers to consistently achieve ideal feed conversion ratios and therefore optimise feeding cycles.
  • Provide a non-invasive system that is more bird-friendly, hence reducing stress in the animals.

 

Market & Opportunity: 

  • Globally the sector raises 65 billion chickens a year and this is expected to continue increasing. The global agricultural technology market is valued $10 billion.
  • The UK market alone produces 6 billion chickens per year and the number one producer has shown strong interest in this disruptive technology.
  • SE Asia represents an exciting market opportunity as it dominates the global growth in meat production. Firms are seeking to optimise resource allocation via technology to ensure lower bird losses and achieve more competitive pricing.

 

Client Proposition: 

  • Our client is looking to close a total of £200,000 of funding (of which (circa) £66,000 has come from winning a pilot project with one of Asia’s largest agri companies and £50k from three early investors). This will allow us to reach demonstrator device level and start generating sales.
    • SEIS/EIS Assurance / Yes
    • Total Equity offered / 2% per £30,000 investment
    • Use of funds: Deploy demonstrator model into major poultry company. Refine technology based on feedback. Develop commercial rollout and mass-manufacturing strategies.

 

Closing Date for Applications:  Monday, 17th January 2022

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