Smiling Food
Wirtschaftsuniversität Wienb2b
Agri- & FoodTech

Contact

Problem: Problem at the social level:  1. increased sugar consumption: According to a study by the WHO in 2018, Austrians consume an average of 107 grams of sugar per day, which is far above the recommended amount of 50 grams. The study also shows that sugar consumption in Austria is high compared to other European countries. For example, the average sugar consumption in Germany is 103.9 grams per day, in Italy 91.2 grams and in France 101.6 grams.  This high sugar consumption can lead to a number of health problems, including type 2 diabetes, obesity and cardiovascular disease.  - Type 2 diabetes: According to the Austrian Diabetes Society, about 600,000 people in Austria have diabetes, with 90-95% of them suffering from type 2 diabetes. High sugar consumption is a known risk factor for type 2 diabetes.    - Obesity: According to a study by Statistik Austria, about 21% of the population in Austria is obese, which corresponds to about 1.8 million people. High sugar consumption can be a trigger for obesity.   - Cardiovascular diseases: For example, a study conducted in the US shows that people who eat 17-21% added sugar have a 38% higher risk of dying from cardiovascular disease than people who eat only 8% added sugar.    2. health costs: The health effects of excessive sugar consumption lead to significant costs for the health system. According to a 2017 study by Gesundheit Österreich GmbH, the direct costs of overweight and obesity in Austria amounted to 1.5 billion euros per year. A large part of these costs are due to diseases associated with high sugar consumption.      Problem from the point of view of companies (food producers):  1. taste and texture: sugar contributes not only to the sweetness but also to the texture and mouthfeel of many foods. Many sugar substitutes cannot replicate the taste of sugar exactly and often have an undesirable aftertaste. This can affect consumer acceptance of the final product.   2. production: switching from the production of products containing sugar, to products sweetened with a sweetener or with a sugar substitute, often incurs high investment costs associated with the conversion of production facilities.  3. development costs: the development of a sugar substitute formulation that can be substituted 1:1 with sugar involves significant development costs.  4. nutritional profile: while sugar is known to contribute to health problems such as obesity and type 2 diabetes, some sugar substitutes have their own health concerns. For example, some sugar alcohols can cause digestive problems if consumed in excess.  5. stability at high temperatures: some sugar substitutes are not stable at high temperatures, which may limit their use in certain applications such as baked goods or cooking processes.  6. regulatory hurdles: The approval and use of sugar substitutes is regulated differently in different countries. This can lead to challenges in marketing products globally. Novell Foods often have a very difficult time getting approval within the EU. 


Solution: The main goal of the LIMAX2 project is to develop a sugar substitute that integrates seamlessly into the production processes of small regional businesses as well as medium-sized and large companies. This substitute is intended to replace sugar in food both sensory and functionally in a 1:1 ratio without posing any health risks - a challenge that has not yet been met with the current state of technology. A central aspect of this development process is the consideration of regulatory requirements in order to avoid long-term regulatory hurdles.  Our approach is based on the development of a sugar substitute formulation. However, we address the deficits that exist in the sugar substitute industry. The food industry is looking for two main solutions: 1. to eliminate or mask the laxative effects of sugar alcohols, and 2. to provide a neutral, full-bodied aftertaste familiar from sucrose.  With LIMAX2, however, we are primarily addressing the needs of small regional food businesses. It is important for them to be able to offer their consumers a product that not only eliminates the health disadvantages of sucrose, but also does not introduce any ""new"" health concerns into their products. LIMAX2 is therefore based 100% on raw materials that have been scientifically proven not to cause any health problems.  PERFORMANCE DATA/TARGET SPECIFICATION/KPI: - Sweetening power: The sweetening power is 100% in relation to sucrose (sugar). - LIMAX2 can be used in quantities identical to sugar. - Intensity of sweetness: The course of the intensity curve of sweetness can be assumed to be almost identical to that of sucrose. - Calorie content: The maximum calorie content is 202.5 kcal / 100g. - Blood sugar level: The glycaemic index is below 8 and is therefore suitable for diabetics. (insulin resistance) - Taste: The neutral aftertaste is confirmed by an independent study with a usual test group size of 60 - 80 peopleat, with a success rate of at least 92%.  - Thermal stability: There is no molecular change at a temperature of 230 ºC for a duration of 60 minutes. - Solubility and hygroscopicity: Solubility is 200g/L water at 21ºC room temperature. - Laxative effects: There is no detectable binding of water in the intestine. - Shelf life: Shelf life is no less than that of sugar. - Regulatory hurdles: There is no designation as a ""novell food"". - Costs: The price for customers is a maximum of 9.99€ / kg, depending on the sales volume. - Scalability: Scalability is given by raw materials that even in higher quantities of more than 20 tonnes meet necessary quality standards required to achieve our product promises. (Raw materials independent of seasons and weather conditions). - Health compatibility: An independent study has found no negative health effects. - Environmental compatibility: The CO2 emissions of our production are below the emission value of 131:1 interchangeability with sugar: LIEMAX2 can be used directly in existing recipes and production processes without adjustments. Authentic taste: LIEMAX2 offers the sweet taste of sugar without undesirable off-flavours. Health benefits: With 50% fewer calories than sugar, anti-cariogenic properties and a low glycaemic index, LIEMAX2 offers health benefits. No laxative effects: Unlike many sugar alcohols, LIEMAX2 does not cause gastrointestinal discomfort. Sugar-free: Our formulation contains no sugar or sugar-containing ingredients, making it ideal for diabetics and other health-conscious consumers.

 

USP: 1:1 interchangeability with sugar: LIEMAX2 can be used directly in existing recipes and production processes without adjustments. Authentic taste: LIEMAX2 offers the sweet taste of sugar without undesirable off-flavours. Health benefits: With 50% fewer calories than sugar, anti-cariogenic properties and a low glycaemic index, LIEMAX2 offers health benefits. No laxative effects: Unlike many sugar alcohols, LIEMAX2 does not cause gastrointestinal discomfort. Sugar-free: Our formulation contains no sugar or sugar-containing ingredients, making it ideal for diabetics and other health-conscious consumers.

Next pitch →
October 19
Nominations
In 2023, Stage Two gathers 50+ startups nominated by 40+ university-affiliated entrepreneurship centers and 5-8 wildcards. All spin-offs will pitch their business models live in front of more than 50+ top European venture capital firms and 30+ industry leaders.
€ 3.8 Million
Investments
€ 50k
Cash prizes
Skilling & Accelerate
Workshops
Nominees
HospiChef
WHU - Otto Beisheim School of Management
Agri- & FoodTech
b2b
→ hospichef.com/
PureSurf
Universität Graz
Circular Economy
b2b
→ puresurf.eu/
Celia
HHL Leipzig Graduate School of Management
Digital Health
b2c
ICODOS
Karlsruher Institut für Technologie
CleanTech
b2b
icodos.com
CorFlux
University of Eastern Finland
MedTech
b2b
→ uef.fi/corflux
GEMESYS
Ruhr-Universität Bochum
DeepTech
b2b
→ gemesys.tech
Neutral Farming
IE Business School
Agri- & FoodTech
b2b
neutralfarming.earth
Pedestro
Universitatea Babes-Bolyai (UBB)
Mobility
b2b
Caplyzer
KTH Royal Institute of Technology
CleanTech
b2b
caplyzer.com
P-Agro Minerals
Riga Technical University
Circular Economy
b2b
F4Solutions
TU Berlin
Engineering, Environmental Sustainability
b2b
factor4solutions.com
socialbnb
University of Cologne
Travel
b2b & b2c
→ socialbnb.org/
Biomotion
TU Wien
BioTech
b2b
→ biomotion.tech/
Aestuarium
Maastricht University
BioTech
b2b
aestuarium.nl
EduBoost
Gdańsk University of Technology
EdTech
b2b
→ eduboost.pl/
Magmatic Biomining
INiTS Universitäres Gründerservice Wien GmbH
Circular Economy
b2b
→ magmatic.bio
ATA Mute
TU Eindhoven
Engineering
b2b
atamute.com
Meat Tomorrow
Danish Technological University
DeepTech
b2b
meattomorrow.com
HopfON
Technical University of Munich
Real Estate
b2b
→ hopfon.com
IonKraft
RWTH Aachen University
Circular Economy
b2b
→ ionkraft.com/
Intuitivo
Universidade NOVA de Lisboa
EdTech
b2b & b2c
→ intuitivo.pt/en
Therminer
UPV Universitat Politecnica de Valencia
CleanTech
b2b & b2c
→ therminer.com
VIDO
Warsaw University of Technology
MedTech
b2b & b2c
→ vido.tech
NeuralWave
University of Luxembourg
DeepTech
b2b
neuralwave.tech
apheros
ETH Zürich
CleanTech
b2b
→ apheros.ch
AMPHITRITE
Ecole Polytechnique
DeepTech
b2b
→ amphitrite.fr
BEAT Therapeutics
University of Porto
BioTech
b2b
Noriware
University of St.Gallen
CleanTech
b2b & b2c
→ noriware.com
MgShell
Politecnico di Milano
MedTech/Pharma
b2b
→ mgshell.com/
Tidings
Stockholm School of Economics
Digital Media
b2c
tidings.se
SoulChord
Oxford University
Digital Health
b2c
soulchord.io
UseLess
NTNU Trondheim
Sustainability
b2c
→ useless.ketn.no
Matrix Health & Care
Imperial College London
MedTech
b2b
→ matrixhealthandcare.com/
Smiling Food
Wirtschaftsuniversität Wien
Agri- & FoodTech
b2b
→ smilingfood.at
appose
SRH Hochschule Heidelberg
EdTech
b2b
appose.com
INFINECT
Heriot-Watt University
Engineering
b2b
infinect.space
ANYO Labs
Chalmers University of Technology
IT, BioTech
b2b
→ anyolabs.com/
EsaDres
University of Tartu
MedTech
b2b
esadres.com
Vuala
University of Cambridge
CleanTech
b2b
vuala.co.uk
Madglove
VU Amsterdam
MedTech
b2b
→ madglove.com
CountMeIn
Alba Graduate Business School
FoodTech
b2b
countmein.gr
Vox Aeris
Imperial College London & Royal College of Art
Sustainability
b2b & b2c
voxaeris.com
Greenstock
London Business School
Sustainability
b2b
greenstock.ae
Zenyth Innovations
WU Wien - Vienna University of Economics and Business
CleanTech
b2b
→ zenythinnovations.com
Accuselect
Erasmus University Rotterdam
CleanTech
b2c
→ accuselect.nl
Corgee
KU Leuven
Digital Health
b2b
corgee.be
Biocare company limited
Cape coast technical university
Agri- & FoodTech
b2b & b2c
Prizes
20K Cash
Stage Two Innovation Award
Siemens awards €20,000 to the standout university spinoff at Stage Two 2023, celebrating innovation and entrepreneurial spirit.
30K Media Budget
Stage Two Movement Award
DvH Ventures awards €30,000 media budget to the startup with the most compelling audience pitch at Stage Two 2023.
800K
HTGF Deep Tech Award
Subject to due diligence by HTGF, one startup individually selected by HTGF gets offered a potential investment worth 800.000€.
750K
Redstone investment prize
Subject to due diligence by Redstone, one startup individually selected by Redstone gets offered a potential investment worth 750.000€.
400K
AtlanticLabs investment prize
Subject to due diligence by AtlanticLabs, one startup individually selected by Atlantic Labs gets offered a potential investment worth 400.000€.
400K
b2venture investment prize
Subject to due diligence by b2venture, one startup individually selected by b2venture gets offered a potential investment worth 400.000€.
350K
Onsight Ventures investment prize
Subject to due diligence by Onsight Ventures, one startup individually selected by Onsight Ventures gets offered a potential investment worth 350.000€.
300K
xDeck investment prize
Subject to due diligence by xDeck, one startup individually selected by xDeck gets offered a potential investment worth 300.000€.
250K
STS Ventures investment prize
Subject to due diligence by STS Ventures, one startup individually selected by STS Ventures gets offered a potential investment worth 250.000€.
200K
Fund F investment prize
Subject to due diligence by Fund F, one startup individually selected by Fund F gets offered a potential investment worth 200.000€.
150K
Peak investment prize
Subject to due diligence by Peak, one startup individually selected by Peak gets offered a potential investment worth 150.000€.
100K
Earlybird investment prize
Subject to due diligence by Earlybird, one startup individually selected by Earlybird gets offered a potential investment worth 100.000€.
50K
ROI Ventures investment prize
Subject to due diligence by ROI Ventures, one startup individually selected by ROI Ventures gets offered a potential investment worth 50.000€.
Skilling
EIC Readiness Workshop
Zaz Ventures, the leading EIC Accelerator consultancy, offers a Skilling Prize to one exceptional early-stage startup at Stage Two: They will offer dedicated strategy development sessions to build the foundation for an application to the EIC Accelerator.
Skilling
Premium Access to PatentPlus Innovation Platform
PatentPlus is a data analytics platform that provides companies with insights and access to available technologies and partnership opportunities. Platform user benefit from a wide range of services including patent-based technology scouting and benchmarking of external partners and suppliers.
Skilling
Problem Solving Workshop
The winners of the Stage Two Innovation and Movement awards will receive valuable support, guidance and mentoring from McKinsey & Company.
Skilling
Tech for Good Award
The winners of the Tech for Good award will receive valuable impact management training and coaching from experienced Value for Good impact advisors.
Accelerate
Fast-track-to-IC
The victorious startup will have the opportunity to present directly to the investment committee. During this session, it will be determined if Armilar initiates the due diligence process.”
Accelerate
Fast-track-to-IC
The victorious startup will have the opportunity to present directly to the investment committee. During this session, it will be determined if SquareOne initiates the due diligence process.
Accelerate
Fast-track-to-IC
The victorious startup will have the opportunity to present directly to the investment committee. During this session, it will be determined if Contrarian Ventures initiates the due diligence process.”
Accelerate
B2B Sales Bootcamp
UVC Partners gives you a kickstart into B2B sales. Tap into our team's experience, take a shortcut with distilled learnings from our best founders and leverage our network of +250 corporates!
Accelerate
FoodTech Bootcamp
FoodLabs provides the winning team with multiple mentoring sessions on fundraising, B2B or B2C sales and talent & organizational development delivered by their investment and venture development teams.