I apologize for not being more active, but I am being pulled into many different directions. Below are the most significant updates for the company thus far:
Biotrophics received a $90,000 research grant award to partner with IMET (Institute of Marine & Environmental Technology). The objectives of this project will greatly increase Biotrohpics’ intellectual property and company differentiation. The grant is through the University of Maryland (MIPS - http://www.mips.umd.edu/).
Actual automation is on hold, but I am actively looking to get designs for automation machines. The reason is that all of my resources are being spent on figuring out the “value proposition” and “product-market fit” of Biotrohpics. In the meantime, I am attempting to generate a bit of revenue through a small expansion of my existing capabilities. I have found a few customers that are willing to purchase my product when my capacity reaches further potential (hopefully by mid-August or September).
Biotrophics is taking part in two exciting programs. The first is I-Corps, which is an intensive customer discovery program that has companies interview over 100 potential customers to acquire market and customer data. The second is the F3 tech accelerator program (http://f3tech.org/accelerator-2/). Beginning in September, Biotrophics will be part of the inaugural class of startups that will participate in this agtech-specific accelerator.
These are very hectic but exciting times for the company as Biotrophics is finally legitimized through this funding, and is beginning to gain traction both in the startup and customer communities.
Thank you all for your support.