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Completed PROJECT GRANT Swedish Research Council

Innovating the iron supplement market

3M kr SEK

Funder Vinnova
Recipient Organization Ironic Ab
Country Sweden
Start Date Nov 21, 2022
End Date Nov 22, 2023
Duration 366 days
Number of Grantees 1
Roles Principal Investigator
Data Source Swedish Research Council
Grant ID 2022-02078_Vinnova
Grant Description

Purpose and goal:

The goal of this project was to obtain support to prepare Ironic AB to be an attractive company for external investment and thus finance its product development and commercialization. Among the activities were to establish the legal strategy for IP as well as the regulatory approval in the US and Europa. The company also prepared itself regarding economic, IP and legal aspects to go through due diligence prior its pre-seed round of investment, which we hope to close in the near future.

Expected results and effects: The results obtained were: - A clear regulatory pathway for our products in the US and Europe. - A demonstration of the need of our product within the targeted consumer (women and vegetarian) - A still-growing network of potential partners and customers within the supplement and food industries.

- A clear IP strategy for the current and future development of the company. We have started with the filing of two patents.

- A clean and attractive investable company that has attracted the attention of reputable investors from the Nordic countries and USA. Approach and implementation: In this project we have: - Cleared out the regulatory path in the USA (FDA) and Europe (EFSA). - Carried out a CAC analysis in the Meta environment (Facebook and Instagram)

- Started a IP strategy for current and future IP portfolio. - Started a network with potential partners and customers within the supplement and food industries. - Prepared the legal, IP, and economical status of the company to go through due diligence with external investors. Thanks to this, the company is ready for external investors and we are about to close our pre-seed round of investment.

All Grantees

Ironic Ab

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