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Overview
Mycocycle shifts the paradigm of how we view and treat waste. We know we can impact the planet, people, and profit by removing carbon from waste to create a valuable, low-emission byproduct – using mushrooms.
Our cost-effective supply chain solution turns construction waste that would otherwise be incinerated or piled in landfills, into a versatile material that is durable enough to replace petroleum-based products such as plastics while being moldable, and fire and water-resistant, a truly sustainable solution.
The Company is an early-stage, pre-revenue startup that has lab based proof of concept on multiple treatment methodologies. The Company is raising funding to support the simultaneous scale up and derisk of it's technology.
The Problem
Billions of tons of construction waste occupy landfills, where trash sits for hundreds of years with zero future value, emitting harmful pollutants. There is less than 15% of dump space left, and a growing list of entities banning materials from landfills (source).With no means of freeing landfill space besides incineration, we felt there was an opportunity to develop a solution that would not only remove toxins from materials but also offer an opportunity to reuse them, diverting them from overburdened dump sites.
The Solution
We discovered that mycelium, the underground part of a Fungi, can digest petroleum-based chemicals found in construction products, and render materials as non-toxic. Fungi can also break down other chemicals such as phthalates, and sequester toxic heavy metals, taking a 400-year process down to just four weeks. We’ve tested this theory on additional materials to outstanding results, with a 98% reduction of toxins in asphalt-based materials.
The Mycocycle method creates new market opportunities and incentives for recyclers, manufacturers, and waste management companies as the new materials generated through this process can create new products.
The Market
Mycocycle brings our mushroom-based solutions to a trillion-dollar solid waste management market in need of change (source). The construction and demolition trash recycling market generated $126.89 billion in 2019 and is estimated to reach $149.19 billion by 2027 (source). The circular economy, eliminating waste and promoting the safe use of natural resources, offers an alternative that yields up to $4.5 trillion in economic benefits to 2030 (source).
Our Traction
Mycocycle is recognized in numerous publications and awards, such as in Fast Company’s 2020 “World Changing Ideas”, 2020 EPA Innovation Fair, and as the winner of the 2020 Cleantech Open “Resiliency Challenge”.
photo credit to Entrenuity Capital Matchmaker
We secured customer betas in California and New Jersey, along with two purchase orders. We have two post-use material/R&D opportunities including one global manufacturer that are in development, 1000+ newsletter subscribers, exit strategy opportunities, and 6 million PR News Web campaign engagements.
What We Do
Mycocycle is an engineered ecosystem that diverts toxic waste streams from landfills, and turns it into reusable materials within just four weeks. Lab-cultivated fungi are applied to shredded waste materials, the trash is filtered by our patent-pending fungal blend, and the biomaterial is available for reuse into new commercial products.
Our systems turn waste into value streams, reducing space in landfills, and creating a lightweight, durable, recycled material that can replace plastics.This process can be done onsite to meet the specific needs of the customer.
The Business Model
We anticipate working directly with asphalt manufacturers, recyclers, bio-based and specialty chemical manufacturers, and waste management to offer our services. Our services include hardware and setup, license and royalty of our technologies, and remediation fees. In the long term, we aim for full strategic partner integration in managing waste streams.
How We Are Different
The current waste management process either bloats our landfills or incinerates trash, emitting toxins, and we believe ultimately eating at resources, land, and money. Even recycling programs that free up landfills often do not utilize a process that removes toxins, and treatment is usually offsite and limited with only 9% of materials recycled.
We operate on a closed-loop supply chain, meaning that we use the best of bioproducts to recycle and recreate new materials to replace harmful plastics and other petroleum-based products.
The Vision
In just five years, our goal is to treat 1.5 million tons of waste annually. Our company continues to grow aggressively to reach this goal because of the global waste issue. We hope to be the choice to drive the industry forward with a truly sustainable means of treating and innovating waste management.
OUR LEADERSHIP
Our team offers diversity in experiences and backgrounds across our founding team as well as our advisory board.
Every member of our core team has successfully owned businesses, exhibiting leadership, and innovation across fields such as strategic sustainability, product development, startups, operations, and more. Our advisors offer expertise in AI and robotics-based waste management solutions, as well as in the construction industry.
Why Invest
As landfills pile up and acres of land emit harmful toxins, we must focus on ways to help solve our global waste problem. Mycocycle’s solution transforms the traditional trash management system and provides more cost-effective and efficient results than current recycling systems. In a trillion-dollar waste management market, choose to invest in the sustainable solution of the future. Our planet depends on it.
Company | : | Mycocycle, Inc. |
Corporate Address | : | 785 Hartford Lane, Bolingbrook, IL 60440 |
Offering Minimum | : | $9,999.50 |
Offering Maximum | : | $945,455.00 |
Minimum Investment Amount(per investor) | : | $262.50 |
Offering Type | : | Equity |
Security Name | : | Non-Voting Common Stock |
Minimum Number of Shares Offered | : | 5,714 |
Maximum Number of Shares Offered | : | 540,260 |
Price per Share | : | $1.75 |
Pre-Money Valuation | : | $7,000,000.00 |
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
COVID Relief
This offering is being conducted on an expedited basis due to circumstances relating to COVID-19 and pursuant to the SEC’s temporary COVID-19 regulatory relief set out in Regulation Crowdfunding §227.201(z).
Expedited closing sooner than 21 days.
Further, in reliance on Regulation Crowdfunding §227.303(g)(2) A funding portal that is an intermediary in a transaction involving the offer or sale of securities initiated between May 4, 2020, and February 28, 2021, in reliance on section 4(a)(6) of the Securities Act (15 U.S.C. 77d(a)(6)) by an issuer that is conducting an offering on an expedited basis due to circumstances relating to COVID-19 shall not be required to comply with the requirement in paragraph (e)(3)(i) of this section that a funding portal not direct a transmission of funds earlier than 21 days after the date on which the intermediary makes publicly available on its platform the information required to be provided by the issuer under §§227.201 and 227.203(a).
Investment Incentives and Bonuses*
Mycocycle-StartEngine Perks
Early Bird
Volume
*All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
Mycocycle, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $1.75/ share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $175. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
#fungifriday Toadstool timers? "Bio" body alarms? The latest in mycelium technology takes us to mycelium processors contained in fitbit like devices. Reacting to our movements via "bioelectrics", will mycelium replace traditional electronic sensors? Read here and learn more! 🍄 #innovation #fungi #materials #regenerativeeconomy #natural #mushroomtech
https://bioxone.in/news/worldnews/mushroom-mycelium-used-to-make-biodegradable-tech-wearable/
The perks of a commercial lease with Weathertech? These nifty floor mat coasters! The perks of having an architect in the family? A beautiful lay out for the office and lab spaces. We took possession today and can't wait to keep you all updated on our progress. It is the support through this network of investors that we are growing and adding value to our organization every day. 🍄 Thanks!
Know someone in IL who works in mycology, or similar field, with lab experience? We need you! Please share this within your networks.
#fungifriday I’m excited about this one! A cool video about mushrooms as building materials. Peter McCoy recently called mycelium the “rebar of nature”. You’ll get a great sense of why I believe the future is fungi. 🍄
An exciting update: we made the list! Our Founder/CEO, Joanne Rodriguez, has been included in Forbes Magazine’s issue recognizing dynamic entrepreneurs driving and scaling innovations across all facets of industry. Here’s the issue:
If you watched the Super Bowl you might be familiar with Weathertech from their commercials (and their awesome floor mats). Headquartered right here in Bolingbrook, we are fortunate enough to be taking advantage of super competitive rent in Dave MacNeil’s incubation lease spaces. Having started his company in his garage, he recognized the need to offer leases for small but growing companies to operate from. Here’s a peak at the property, but we will post more photos as we start the move in process and get our labs set up. Onward and upward as they say!
https://www.macneilrealestate.com/501-505-south-weber-road
#fungifriday We have a super cool one today! Did you know that the hyphae of the fungi grow and adapt in different ways? Researchers noted such a difference, from within the same organism, they gave them names: soldiers, snakes and marathon runners. The “can do” attitude of mycelium is successful because these characteristics work together to get the job done. As my buddy Jerry Strother always wore on his shirt “TEAM”—working together always gets it done! 🍄
https://www.eurekalert.org/pub_releases/2021-02/lu-ssa020221.php
Great article by the Sierra Club about the circular economy and the tie to financial opportunity. We are at a junction in society with people paying attention to how we handle social responsibility, environmental outcomes, and financial security. Quoting the article:
"the business consulting firm Accenture promises a staggering $4.5 trillion windfall from investing in new circular economy businesses, including those that focus on advanced recycling technology, innovative new recyclable materials"
We are at the right place at the right time, and so are you if you've invested or are thinking about investing. Innovations always have technology hurdles to overcome--we are in that mode. Supporting us now, through this campaign, means we can move through that hurdle more quickly to scale.
Here is the link to the full article, and I hope we can count on your continued support! Share this campaign with your networks. Let's drive change and have a positive impact to the world we live in!
https://www.sierraclub.org/sierra/2021-1-january-february/feature/will-circular-economy-save-planet
#fungifriday Today's post is personal. Late 2018 I made the decision to start a new company (Mycocycle, Inc.) with a big dream--use the power of mushrooms to create value streams from waste streams. I am passionate about it. I am wholly invested. Taking on components of business that I never knew before (on the job learning) has been tasking, but I believe it is never too late to learn. I am not only making an investment in our climate health, I am making an investment in MY health too.
It used to bother me when funders and corporates would be like "you're so passionate about what you do." I've always just viewed those words to be followed by a solid "NO". For some reason we don't place a value on passion, but for me--it fuels my engines. And just like I've sought inspiration from many of you, I've always hope to reciprocate. 2021 brings me to the my point: find your courage and seek inspiration.
I speak of the CMN (common mycelial network) as a connector of us all. I want to thank Gina Santana for her note. You gave me a boost in the arm this week! Hard work is not always rewarded and you've reminded me that the payoffs frequently come through in acts of kindness. Thank you for valuing passion and hard work. You've inspired me. 🍄 (posted with permission)
We talk it, we live it, and with your help--we're doing it! A great article from the Ellen MacArthur Foundation and Circulate about what being circular means in a corporate environment.
With all of the Paris accord reforms being re-enacted, and a whole bunch of new climate measures being implemented, the United States manufacturing is placed right in the middle of this discussion. Manufacturing with better materials--less toxic, longer lasting, biodegradeablibility; Extended producer responsibility--costs associated with end of use management; and greater resource efficiency--reuse or circular designs of new products from the beginning...all bode well for innovations like ours.
The green economy is lean, it is strong, and it is here to stay.
https://medium.com/circulatenews/a-new-measure-of-business-success-9e53b7aafafa
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