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TrueAlgae

USA, Virginia
Market: Other
Stage of the project: Operating business

Date of last change: 01.12.2023
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Idea

TrueAlgae is pioneering the new frontier of metabolite R&D for agriculture. We are transforming agriculture by enhancing proliferation of specific beneficial microbes by up to 1,000%.

Current Status

Through 14 trials in 2022, TrueSolum consistently increased nutrient uptake of phosphorus, iron, zinc, and magnesium by over 20%. Field trials in 2023 show that TrueSolum consistently delivers high single- and double-digit yield increases. Currently, TrueAlgae is in various phases of interaction (e.g., greenhouse or field trials) with more than 12 different agricultural input manufacturers, including 3 global agrochemical companies, with second year trials completed or near completion with 4 companies.

Problem or Opportunity

Farmers are facing a soil crisis. The excessive use of chemical fertilizers, poor water quality and harsh farming practices have left the microbiome of soil out of balance and unable to meet the needs of crops. Key nutrients are trapped in these microbially depleted soils. The trend is toward biological and organic products to enhance and maintain microbial diversity and nutrient availability.

Solution (product or service)

TrueSolum is a liquid, organic soil microbe booster that can be added directly to irrigation water and mixed with other inputs. Research shows that TrueSolum® mobilizes specific microbes in the soil’s microbiome. When these microbial communities are stimulated, they work to release, assimilate, solubilize, and make available key nutrients, including iron, phosphorus, zinc and manganese. Because TrueSolum® enhances communication between soil microbes and crops, the resulting microbial activity is tailored to each field and crop need.

Business model

We have been selling TrueSolum to distributors who sell to farmers and businesses with complimentary products where TrueSolum can add and improve their product line. As we have delivered yield increase results with more than 12 inputs manufactures, we continue to execute sales agreement with national distributors and large agrochemical companies. We executed distribution agreement with mid-West company with a minimum sales of over $1.6 million for the first 16 month of the contract.

Incubation/Acceleration programs accomplishment

Plug and Play AgTech Batch 7, Bethesda Green Amplifier Program, Forward Food.Tech, ASPIRE by VentureWell
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