Tze Venture Search Fund
for Aquaculture Technology
The fund has concluded.
Feed protein innovation was where the fund had the most experience and saw the most promise. That was the focus of its search. Achieving its goal, the fund deployed capital from its network of investors and installed David Tze as CEO of a re-startup, NovoNutrients.
NovoNutrients transforms waste industrial CO2 into feed, through industrial biotech, initially for the fast-growing aquaculture sector.
featured in inc. magazine
How Sea-Monkeys, NovoNutrients, and Synthetic Biology Will Save the World
Reprogramming microbes so they eat toxins and CO2? It's not science fiction. It's happening right now.
Inc. Magazine | 4.22.19 | UP NEXT...a few miles from the headquarters of Google and Facebook, NovoNutrients CEO David Tze is showing off a technology so powerful, it just might avert human civilization from its 200-year collision course with disaster.
...That product is Novomeal, a protein developed for use in aquaculture, and the Sea-Monkeys are proof of concept. Fish food for fish farms, basically. The key ingredient in the commercial feed formulations used in the farming of salmon, tuna, and other carnivorous species prized by consumers is something called fishmeal, a powder made from the ground-up bodies of tiny fish such as anchovies. ("Fishmeal is strangely named: It's meal made from a fish, but it also happens to be an important part of a meal for a fish," Tze says.) Novomeal, a nutritionally complete substitute for fishmeal, is made from the proteins of bacteria and other single-celled organisms, incubated in giant steel vessels akin to beer vats, called bioreactors. Feed is the biggest cost of fish farming, a $232 billion global industry, and, given that the output of the world's overexploited oceans continues to decline, it's only getting more expensive. The supply of bacteria, on the other hand, is effectively infinite, as long as you have the nutrients to feed them.
profiled in fast company
This Startup Turns Climate Pollution Into Fish Feed
Fast Company | 10.17.17 | WORLD CHANGING IDEASWe’re harvesting too many fish from the ocean, not just for human plates, but to feed farmed fish as well. NovoNutrients wants to replace that fish food with something more sustainable: microbes grown with carbon dioxide.
...Recognizing that the ocean can’t keep up, one startup is working on making fish feed from another source: carbon dioxide.
“We can take untreated flue gas from various industrial emissions . . . and just pipe it into our plant, rather than putting it in the atmosphere,” says David Tze, CEO of NovoNutrients, which is currently scaling up a system that it has proven works in a lab.