Weekly Update
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PCI's Weekly Update - Sept. 23, 2022

Announcements

Entrepreneur First's kick-off weekend happened! We met more than 100 entrepreneurs in residence. The accelerator's purpose is to find a co-founder for the next business idea.

Depart. of Science

Wheat Project
  1. 1.
    Not much happened this week. We are still working on the first draft of the protocol.

Depart. of Fundraising

  1. 1.
    This week was about connecting with the Effective Altruism community to discuss the long-term future of agriculture.

Depart. of Business/Startup

  1. 1.
    We met more than 100 entrepreneurs to brainstorm ideas around the next agricultural revolution.

Key Learning Points

  1. 1.
    It is essential to know and understand your beliefs when looking for a co-founder
  2. 2.
    To be shy to address the disagreements

PCI's Weekly Update - Sept. 16, 2022

Announcements

Philippe Jutras was the guest speaker for the PHBS Business Podcast. The conversation will be available in 3-4 weeks.

Depart. of Science

Wheat Project
  1. 1.
    Still working on the first draft of the protocol. Reach out to Philippe if you want to help!
Other Projects
  1. 1.
    We had a great first meeting with Medicago, and we are looking forward to studying new Agrobacterium - N. benthamiana interactions using AgroLux.
  2. 2.
    We are getting ready for the International Society of Plant Molecular Farming conference in Rome.

Depart. of Fundraising

  1. 1.
    This week was about connecting with people and discussing cellular crop agriculture possibilities. Overall, the project gets traction from food security groups and organisations. We also had great conversations on the future of food systems.

Depart. of Business/Startup

  1. 1.
    We are getting ready to join the Entrepreneur First accelerator programme! It officially starts on October third, but we have met many candidates already. This programme will help us rethink the business model to translate research into real-world impact.

Key Learning Points

  1. 1.
    Relationships are crucial. Always allow enough time to follow up with your new connections.
  2. 2.
    Build a network of people that share the same values and goals.

PCI's Weekly Update - Sept. 9, 2022

Announcements

We applied to Y Combinator to join their non-profit programme.

Depart. of Science

Wheat Project
  1. 1.
    Not much on the science side for the wheat project this week. We are looking forward to producing the first draft of the protocol. Reach out to Philippe if you want to help!
Other Projects
  1. 1.
    We are starting a new collaboration with Medicago to further study AgroLux responses to plant immunity.

Depart. of Fundraising

  1. 1.
    We connected with private foundations and investors to discuss the possibility of creating a new fund to support long-term research on food innovation. More to come regarding this initiative!

Depart. of Business/Startup

  1. 1.
    We applied to the Y Combinator startup programme as a non-profit organisation. We will know by the end of November if we are invited for an interview.
  2. 2.
    After discussions with investors and MBAs, we agreed that building a business around wheat grain production is unlikely to be funded because of its low economic viability. We are therefore brainstorming a new pitch deck that will be presented in the following months.

Key Learning Points

  1. 1.
    Always start a business with a problem to solve, not a solution!
  2. 2.
    Test your hypothesis quickly and move to the next step.

PCI's Weekly Update - Sept. 2, 2022

Announcements

We got offers from startup accelerator programmes! Stay tuned for the forthcoming announcements!

Depart. of Science

We had a fruitful discussion with scientists from Global Wheat Program at International Maize and Wheat Improvement Center (CIMMYT). We discussed how our organisations could collaborate to produce cell-based wheat grains.
Here are the main takeaways:
  • We can order wheat seeds for free on their website
  • They have a quality lab where they can produce bread and pasta to test the wheat grains
  • They offer wheat flour analysis for quality
  • They have many scientists working on wheat that could potentially help if we have specific problems

Depart. of Fundraising

  1. 1.
    We got feedback from an application that was submitted back in April. The fund has decided not to invest, but they shared our application with other funding organisations in their network.
  2. 2.
    We applied for an individual grant for Philippe Jutras to have a 6-month salary to continue the grant application process. The outcome will be announced in 4-5 weeks.
  3. 3.
    We followed up with an investment fund in the US. They primarily invest in cultivated meat projects but showed interest in producing plant cell culture.

Depart. of Business/Startup

  1. 1.
    We got in touch with a participant in the Carbon13 accelerator programme. This programme focuses mainly on climate change and carbon sequestration startups.
  2. 2.
    We did a lot of business around the accelerator programmes (interviews, discussing agreements, building profiles, etc.). More information will be given in the coming 2 weeks regarding the final decision.
  3. 3.
    We are writing a completely new business pitch deck for the wheat project. We want to add numbers and estimates. This business model is designed with the help of 2 MBAs (Thanks guys!).

Key Learning Points

  1. 1.
    Always remember what your value is as an entrepreneur when dealing with VC partners.
  2. 2.
    Read carefully any contract agreements before signing!
  3. 3.
    Your business proposal should always be precisely defined.
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Outline
PCI's Weekly Update - Sept. 23, 2022
Announcements
Depart. of Science
Depart. of Fundraising
Depart. of Business/Startup
Key Learning Points
PCI's Weekly Update - Sept. 16, 2022
Announcements
Depart. of Science
Depart. of Fundraising
Depart. of Business/Startup
Key Learning Points
PCI's Weekly Update - Sept. 9, 2022
Announcements
Depart. of Science
Depart. of Fundraising
Depart. of Business/Startup
Key Learning Points
PCI's Weekly Update - Sept. 2, 2022
Announcements
Depart. of Science
Depart. of Fundraising
Depart. of Business/Startup
Key Learning Points