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Evaluating Novel Food and Ingredient Innovations that Leverage Deep Science: Our Technology Readiness Level (TRL) Tool

By Noramay Cadena and Minami Ogawa

Supply Change Capital (SCC) invests in technologies to transform the food system. Sometimes, the deals we consider utilize cutting-edge scientific techniques, and they are usually at a very early stage (pre-revenue and/or pre-product). We wanted to adopt a framework by which we could evaluate diverse technologies against a single technology development assessment as a way to calibrate our risk tolerance. In doing so, we looked to industry best practices and our own experiences to inform our approach.

This effort was led by Minami Ogawa, Ph.D. candidate in Food Science at UC Davis under the guidance of Dr. David E. Block, and an Innovator Fellow at Supply Change in 2024 in partnership with the UC Davis Innovation Institute for Food & Health. We thank Minami for her leadership!

 

Supply Change Capital TRL Diagram

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