From the ideation stages of our project, we considered how to successfully commercialize HypeColl, as well as ensuring its impact in the UAE biotech research ecosystem.
This was definitely not an easy journey, since given collagen being a widespread technology and high competition in the market, it was very difficult to come up with feasible and innovative solutions.
Hence, we pivoted multiple times in our project from research, to licensing, and back to offering collagen customization services. Together with experts in the research and synthetic collagen industry, we performed numerous analyses concerning our customers, the product, and our position within our client’s value chain. To validate our work, we have discussed with experts on commercialization of research outputs. Our next plan is to pitch our idea to local UAE incubators, we believe iGEM will be a great validation opportunity for further growth of HypeColl and the NYUAD iGEM team.
We’d like to thank iGEM TU - Eindhoven for inspiring our entrepreneurship section!
Us at the A23 conference in Serbia to dive into biotech entrepreneurship and connect with fellow innovators.
HypeColl is more than just a company; it's the vanguard of a new era in collagen solutions. Born from the academic brilliance of NYU Abu Dhabi, we are a fusion of top-tier researchers, industry pioneers, and ethical trailblazers. Our focus isn't merely on selling collagen but revolutionizing its very essence. HypeColl's forte lies in crafting a unique, customizable strain of bacteria designed to produce collagen, setting the gold standard for the future of research and cosmetic applications.
To redefine the collagen industry by offering a customizable, scalable, and sustainable solution, ensuring that beauty and research are both ethical and environmentally conscious.
To be the global nexus for research centers and universities seeking innovative collagen solutions, and eventually, to be the go-to partner for mid-sized manufacturers aiming for a sustainable and ethical collagen source.
HypeColl's bioink collagen isn't just another product; it's a revolution. Our offering allows research centers to tailor collagen to their specific needs, a feature unparalleled in the industry.
Located in the UAE, a bridge to the Gulf Cooperation Community (GCC), we are perfectly positioned to foster collaborations, ensuring swift and efficient delivery to our products.
Our collagen is not just sustainable; it's inclusive. Designed to cater to halal, kosher, and vegan requirements, we're widening the horizons for businesses and consumers alike.
Our initial focus on supplying research centers and universities isn't just a business strategy; it's a commitment to excellence. The insights, publications, and validations we gain will be the bedrock upon which we build our broader offerings to manufacturers.
Commitment to ESG: Deep, Genuine, and Measurable
Our commitment to innovation is paralleled only by our dedication to Environmental, Social, and Governance (ESG) practices. At HypeColl, we believe in creating holistic value – for our partners, consumers, and the planet. Dive into our world, and you'll find a steadfast commitment to a future where business growth and societal wellbeing are intertwined.
Drawing inspiration from models that blend rigorous research with market relevance, HypeColl's strategy is to first establish a strong foothold in the academic and research sectors. By offering our customizable collagen solutions to research centers and universities, we aim to gain validation, respect, and a robust network of experts. The capital and insights derived from this phase will then fuel our expansion into producing collagen powder and gel for mid-sized manufacturers, making artificial halal vegan collagen accessible to all.
Our commitment to research isn't a mere business strategy—it's our ethos. While profit is essential, our primary focus remains on advancing collagen technology. Every revenue dollar is reinvested into research and innovation, ensuring that we stay at the forefront of the industry. Ultimately, our vision is to venture into more consumer-centered industries, making halal, vegan, and kosher collagen products more accessible to the general public.
Collagen, one of the main structural proteins in the human body, finds its primary origins for research and industrial uses in porcine (70%) and bovine (15%) sources, while fish and poultry account for the remainder. By 2028, the medical industry alone foresees the collagen market scaling to a substantial $957.4 million, culminating in an impressive total valuation of $7.2 billion by 2032. However, alternative sources remain limited.
Despite the growing collagen market, prevailing sourcing and production methodologies raise numerous ethical concerns. These encompass issues surrounding the animal-slaughter process, unethical fishing practice, as well as the detrimental impacts of bovine factory farming. Further exacerbating the issues is the undeniable link between collagen production and environmental degradation. A glaring example is its association with the cattle industry, which contributes to 14 to 17.3 % of global emissions.
On the other hand, while animal-derived collagen remains industry standard, its production also lacks efficiency and scalability due to prolonged manufacturing timelines. For instance, the fabrication of bovine collagen requires a total of three weeks, and six weeks when produced from chicken and animal byproducts. Given the demand for research-grade collagen, considerable resources are allocated to the extraction process, with steps involving raw material treatment, purification, drying, as well as stringent quality control and regulatory compliance. These complexities manifest financially, with collagen prices reaching to $230 USD for 20 ml for collagen sourced from calf skin, approximately 844 Euros per 25 g of human collagen. Consequently there is a pressing need for more cost-effective collagen production methods, while tackling the sustainability challenges associated with the traditional processes.
Additionally, modifying collagen to meet specific laboratory and experiment criteria is another time-intensive task, influenced by factors such as protocol complexity, quantity of collagen to be processed, and scientific expertise of the lab staff. This often raises concerns on the quality and consistency of the output, leading to research timelines being extended by several weeks to months. Additionally, the United Arab Emirates faces recurrent sourcing challenges due to strict biotech import regulations and the absence of domestic manufacturing, resulting in elevated shipping and handling expenses. This presents an excellent opportunity for collagen manufacturers in the Gulf region, potentially fostering a beneficial biotech environment for regional researchers.
The aforementioned challenges highlight a market gap, which can be transformed into an opportunity with the NYUAD iGEM team’s product: HypeColl. Our product stands as a more sustainable and scalable option compared to other collagen manufacturers in the industry. With our bacterial collagen-like protein (CLP), we are pioneers in the synthesis of a highly scalable and customizable alternative. Bacterial collagen-like proteins serve as a versatile platform, allowing for customized modifications to be incorporated as per specific requirements, greatly reducing research time and cost. Furthermore, this results in reduced shipping costs and handling times for research centers in the UAE, preventing delays in the research process.
This presents a significant opportunity for HypeColl, given our unique value proposition and our strategic positioning within a region characterized by rapid innovation and research across various domains. Specifically, the UAE stands as our primary target market, where research activities, encompassing both general studies and specialized fields such as health research, are experiencing a growth rate three times higher than the global average. This substantial growth, combined with the country's advantageous geographical proximity to the Gulf Cooperation Council (GCC), elevates the appeal of this opportunity. This offers an opportunity to deeply integrate into the research value chain of the region.
This market analysis explores the dynamics and opportunities surrounding bacterial CLP within the UAE research and development sector, inspired by the increasing demand for sustainable, time-efficient, and dependable materials in biotechnology, pharmaceuticals, and healthcare research.
The global market for collagen, a vital protein with diverse applications, currently boasts a value of $9.76 billion. This market underscores collagen's significance across a myriad of industries, ranging from pharmaceuticals and healthcare to beauty and cosmetics. Within this vast landscape, the bioink segment, primarily utilized for 3D bioprinting and other advanced medical procedures, is of particular interest. The bioink market's total available market (TAM) stands at $738 million, highlighting its growing potential in medical innovation.
Drilling down further geographically, the Middle East claims a market size of $221.4 million for bioinks, with the United Arab Emirates (UAE) emerging as a key contributor. While precise figures for the serviceable available market (SAM) in the UAE aren't specified, it's reasonable to surmise that the country, given its progressive medical research infrastructure and high healthcare investment, commands a significant slice of this market. The serviceable obtainable market (SOM), which quantifies the realistic portion of the SAM that a business can hope to achieve, will be influenced by several factors, including market penetration strategies, regulatory landscape, and competitive dynamics.
Our vision extends beyond the bioink collagen sector. With our growing resources, established networks, and validated reputation in the bioink industry, we are strategically poised to branch into the lucrative cosmetics sector. The UAE's forecasted cosmetic market worth of $897.04 million by 2029 presents a golden opportunity. Our intent is to leverage our expertise from the bioink collagen domain and adapt it to the nuanced demands of the cosmetics industry. By fostering collaborations and harnessing cutting-edge research, we aim to introduce innovative products that cater to the region's affluent consumer base, aligning with the UAE's stature as a global beauty and wellness hub. Our phased approach will ensure that while we diversify, our core strengths and industry credibility remain uncompromised, propelling our business into its next growth phase.
The aim of this section is to describe the product design. Moreover, it will outline a value proposition canvas and where the product is located within that framework. To supplement this section, a competitor research was carried out. Finally, a preliminary commercialization and marketing strategy will be presented; as well as a growth strategy. For more detailed information and assumptions, please refer to the business plan.
Using auxotroph E. Coli strains, we synthesize highly customizable collagen-like proteins. Our methods guarantee not only fast, high-quality outputs but also provide unique collagen customization opportunities for researchers, eliminating the need for week-long modification protocols. More than just suppliers, our vision is to cultivate genuine partnerships, fostering a robust network of field experts and attaining product validation through their groundbreaking research.
HypeColl’s unique approach also aligns with halal, vegan, and kosher standards. This makes us an ideal choice for a broad spectrum of consumers and amplifies our appeal in a growing cosmetics market. With our projected growth within this industry, we pledge to supply ethically sourced collagen to medium sized enterprises and democratize R&D by connecting upcoming businesses to our vast network of experts.
Our main product will be our research-grade bacterial collagen-like protein, which we will supply to research institutions and universities in the UAE. We recognize the challenges posed by the country’s regulations on exporting synthetic biology products, therefore we will initially target upcoming biotech research hubs like Khalifa University and New York University Abu Dhabi. This aligns with the UAE’s ever-growing biotech ecosystem, enabling us to not only commercialize our product but also validate it via research outputs. Moreover, for clients in the UAE and the Gulf region, this approach also offers the dual advantage of cost-effective and reliable shipping - challenges we have experienced firsthand during our iGEM journey.
But, our vision is not limited to being mere suppliers; instead we view every client as a valued partner. Central to this partnership is our commitment to providing tailor-made solutions for collagen needs. With our expertise in bacterial transformation and our capability to execute time-consuming protocols like methacrylation in-house, we guarantee our clients not only timely research outcomes but also ensuring repeatability and uniform quality at prices comparable to industry standards. Ultimately, this symbiotic partnership not only facilitates research validation of HypeColl, but also amplifies our visibility in research circles and develops a comprehensive network of experts.
While penetrating industries like cosmetics and food supplements presents challenges, we see the immense potential in empowering medium-sized enterprises by democratizing R&D and expertise. This, in the long run, adds unmatched value to our offerings.
A value chain outlines the sequence of activities used to take a product or service from its conception to its end-use by customers. Here, we analyze HypeColl’s primary business venture: supplying customized collagen-like protein in the United Arab Emirates.
Value chain analysis indicates that NYUAD iGEM has the resources to lead research and development in the product development stage. However, subsequent stages will require collaborations and partnerships for HypeColl commercialization and accessing the academic circles in the UAE and the Gulf. Additionally, our value chain analysis highlights that there's significant added value in logistics, given collagen's prominence in research and the country's biotech emphasis, underscored by the emergence of facilities like the Dubai Biotechnology & Research Park. As a result, NYUAD iGEM will concentrate predominantly on product development, while concurrently building relationships with local researchers, leveraging the initial network we've established with professors at New York University Abu Dhabi.
Competitor Analysis between HypeColl and comparable technologies
From our analysis, it's clear that HypeColl's standout features include superior customizability and faster handling time compared to international competitors. As new collagen manufacturers consider entering the UAE market, our established network sets us apart, facilitating research spotlight and product validation. Additionally, our customization remains a distinctive advantage. It's also worth noting that scaling collagen production in the UAE using traditional methods, such as sourcing from bovine sources, faces challenges due to the country's limited natural resources.
Greenfield Strategy: Commercialization Approach Inspired by TU Eindhoven Entrepreneurship 2022
We're stepping into a greenfield scenario according to the entrepreneurial strategy compass by Scott, Gand and Stern. In other words, we are venturing into a segment of the UAE market that remains untapped. Without any prevailing competitors, our strategy is defined by urgency. This necessitates forging swift collaborations with local researchers, aligning these partnerships with our ongoing research endeavors. The objective is clear: make a quick and impactful entrance into this fresh market, which will allow our product to be research validated and spotlighted in publications.
Leveraging our greenfield positioning, NYUAD iGEM's primary directive is to channel efforts into research and development. Parallel to this, we will be proactively initiating conversations with potential stakeholders, beginning with the academic community at New York University Abu Dhabi and branching out to other institutions. While the absence of a patent on our technology is a reality, we pivot to our strengths: accelerated shipping and time-saving customization solutions. These attributes not only bolster the UAE research industry’s value chain but also position us as a coveted partner. Our approach is holistic – we aim to be reliable suppliers, adept product customizers, and persistent network builders. Post-sales, our strategy is to solidify these partnerships, offering them incentives that not only retain but also amplify engagement within our network.
Our growth is driven by solid partnerships with research institutions, complemented by our ties with graduate and undergraduate students, as well as senior researchers. By leveraging our publication spotlight strategy we aim to carve out a prominent presence in the industry and build lasting relationships.
A key component of our approach is the integration of publication spotlights within our contract agreements. This ensures that whenever our products are used, they're not only recognized but also understood by our primary audience: researchers and stakeholders in collagen-centric sectors.
Understanding the complexity of our niche, we're determined to demystify our content. By simplifying intricate jargon and accentuating our findings with engaging infographics, we intend to bridge the knowledge gap for a broader audience. Platforms like ResearchGate and LinkedIn will be our mainstays, propelling our academic insights directly to professionals and peers. However, our digital engagement doesn't stop there. We plan to have a dynamic presence on LinkedIn, curating a blend of in-depth articles and snapshot insights. For a younger, more visually-inclined demographic, Instagram will serve as our canvas, bringing our research to life in vibrant colors and narratives.
Recognizing the digital age's power dynamics, we're also tapping into the realm of research-focused influencers, particularly on platforms like YouTube. Their ability to simplify and amplify aligns perfectly with our mission. Simultaneously, we're seeking alliances with esteemed research labs and universities, envisioning a series of educational webinars that promote deeper understanding and engagement.
Our strategy, while expansive, is meticulously designed to resonate across generations of researchers. It promises to not just extend our reach but to also usher in a continuous stream of feedback, enriching our impact assessment. With the collective insights, we aim to fine-tune our offerings and perfect our communication techniques. To ensure we strike the right balance in our messaging and avoid overwhelming our audience, we'll collaborate closely with the communication team at NYUAD, refining our content to its most potent and engaging form.
To foster this continuous connection, we're introducing targeted incentives and launching an ambassador program. This program is designed not just to amplify our message and product visibility but also to leverage word-of-mouth endorsements. By doing so, we aim to attract a larger audience to our events and feature them prominently across our platforms.
Following our focus on a publication spotlight, we're introducing the HypeColl Ambassador Program, a complementing pillar in our comprehensive impact assessment, reporting, and communication strategy. Recognizing the immense value of a connected and informed community, our program seeks to enlist both senior researchers and students involved in collagen research and related industries, empowering them to further HypeColl's mission.
As ambassadors, these experts will be at the helm of facilitating critical discussions and initiating transformative collaborations, amplifying our sustainable collagen narrative. In gratitude for their commitment, we offer a suite of enticing benefits: significant discounts on our innovative products, exclusive invitations to HypeColl organized workshops – providing them unparalleled networking platforms – and priority access to the influencers in our portfolio. This program, more than just a collaboration, is a mutual journey. Through it, our ambassadors don't merely advocate for HypeColl; they become driving forces in the broader dialogue on sustainable collagen, contributing substantially to our collective vision and impact. This is the final step on obtaining a comprehensive network of experts for our post-sales engagement.
Drawing from our initial value chain, our supply process to research facilities will allow us to cultivate a network of experts within the collagen R&D industry. This network serves as the foundation for Hypecoll's projected expansion into a rapidly growing sector in the UAE: cosmetics. Leveraging the credibility, validation, and marketing derived from our primary business venture, we project to penetrate the cosmetics industry by introducing collagen products that can be easily implemented within their manufacturing cycles. This product can be tailored to meet diverse cosmetic requirements, ranging from stability modifications to longevity and specific application areas. Moreover, our unique selling point would be their adherence to Vegan, Halal, and Kosher standards
To ensure optimal customization aligning with cosmetic companies' specifications, our expert network provides invaluable consultation. In this dynamic, Hypecoll acts as a conduit between the cosmetics industry and research professionals. This strategy not only enables medium-sized enterprises to engage in research and development (R&D), but also provides access to an unparalleled network of experts in the field.. After this consultation phase, Hypecoll commits to producing and delivering a dependable and sustainable product to the cosmetic firms, ensuring efficiency and quality.