April 14, 2023

How Mago Bio Solutions is working on its revenue model in the Business Innovation Program Food

Mago Bio Solutions
Interview

The food chain can be made more sustainable not only at the beginning, but also at the end. For example, with the innovative composter that the young North Holland company Mago Bio Solutions is developing. Under the guidance of ROM InWest, the start-up is currently participating in the Business Innovation Program Food. 

The food chain can be more sustainable not only at the beginning, but also at the endFor example, with the innovative composter that the young North Holland company Mago Bio Solutions is developing. Under the guidance of ROM InWest, the start-up is currently participating in the Business Innovation Program Food. 

In the weekly modules of the Business Innovation Program Food (four physical, six online), start-ups and established SMEs learn to scale up their sustainable business plan. In this way, they hope to make a powerful contribution to the food transition and to make the food chain in the Netherlands smarter and more sustainable. The program is an initiative of nine regional development companies (ROMs) and five partners: Foodvalley NL, Gritd, Invest-NL, Rabobank and the foundation Samen Tegen Voedselverspilling. 

Compost and electricity

Each ROM selects a company or idea from its own region for the Business Innovation Program Food, and guides it during the ten weeks of the trajectory. Stef Mellema, business developer at ROM InWest: “A large part of the organic waste ends up in the residual waste and is then incinerated. There are all kinds of solutions for this, but they often cost a lot of energy. The eComposter that Mago Bio Solutions is developing not only produces compost from organic waste, but also clean energy. In this way, their solution contributes to the energy transition.” 

About the BIPF

The Business Innovation Program Food is organized twice a year and is free for participants. It is an intensive program with a strong focus on prioritizing attention, time and money in the start-up phase. Ultimately, it should lead to a revenue model that is based on a demand from the market.

The next edition starts in September 2023. 

More information can be found at: Businessinnovationprogramfood.nl

Stef Mellema
Business Developer

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