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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.
Let's kick it old school....waaaay back to September 2019. I wrote an article about why it is so important to clean up PAHS, not only for the environment, but for our health. The only known remediator of PAHS? This guy right here 🍄.
Want to help us on our quest to clean up these "bad actors"? INVEST TODAY! We are moving forward with patents, trademarks, scaling, and R&D. All of this gives Mycocycle value, which means we give you value too.
I cannot as a woman in leadership, a female founder, allow this day to pass without recognizing the significance of the days events. Not a political post, a recognition of the role women have in leading our country in business as well as in politics. It has taken us until this day, in the 21st century, to realize the first female Vice-President of the United States. It encourages me to know that even though it is taking a great deal longer than it should to recognize the equivalency of the position--a position holding the capacity for all people to be represented--that we are here, today, none-the-less.
It takes courage to be the first anything. It is not easy to extend yourself in a manner that is vulnerable, and at times, hard to defend. As a woman in a male-dominated field for the majority of my career, I well recognize this vulnerability.
Thank you for your courage, leadership, and inspiration Madame VP.
Answering One Big question, Founder Joanne Rodriguez talks about the beachhead strategy of tackling construction & demolition waste streams.
#fungifriday Time to hit the science books! At Mycocycle, Inc. we are always inspired by the nexus of science and nature. Borrowing from the American Society of Microbiology (AMS), a little "science 101" behind what makes fungi in a class of their own.
https://asm.org/Articles/2021/January/Three-Reasons-Fungi-Are-Not-Plants
Almost a year ago, I got to kick off the 3rd season of Amy Koonin Taylor's Rubicon Global Podcast "TownHaul"! Amy was a delight and offers great content through her sustainably focused podcast. Relatively speaking it is an oldie but goodie, and I wanted to share with you as you follow along here. Make sure to subscribe and download all of her episodes too. If you like sustainability, and business, you'll like what this podcast has to offer.
https://thetownhaul.libsyn.com/magic-mushrooms-mycocycles-joanne-rodriguez
One of the reasons we selected StartEngine as our SEED round platform was because we saw Terracycle, very successfully, raising a REG A here. Tom Szasky has long been discussing the need to develop and drive circular solutions, reducing the need to resource new raw materials. He presented LOOP in 2018, prior to the DAVOS roll out, when I was presenting a paper on the "Bioremediation of Materials" at Rutgers University. Sitting with him at lunch, he drove home the fact that we need to place value on materials to make circularity matter and we need to offer more opportunities to drive circularity through material reuse innovations. Well here we are!
You have a great opportunity to help US drive a renewable and biobased future through material treatment and reuse. Your support in this campaign will afford us the opportunity to get there faster--that is the #1 goal for us in 2021. We thank you for your continued support with a call to action: if you haven't invested yet, why not? Invest today. If you HAVE invested, share our campaign! Share it far and wide because the more of us demanding these technologies the more of these technologies we will see get to scale and impact.
Thank you, and here is a link to an interview Tom Szasky completed recently: https://www.happi.com/issues/2021-01-01/view_editorials/ready-to-buy-in-on-sustainability/
At Mycocycle we can’t do what we do by ourselves. It’s take a cross-pollination of industries and experiences to move us through building not only a company, but a technology—from scratch!
I’ll work to highlight the Team and Advisors over these next few posts so you get a chance to see the depth of knowledge.
Karen Edwards, Executive Director of RT3 (the Roofing Technology Thinktank), is an acting Advisor. Karen has been a marketing professional for more than 25 years and focused the past 15 years on marketing for the technology and construction industries. As President of Casimir Group, Karen provides strategic marketing consulting for roofing manufacturers and contractors, and she is the editor for RoofersCoffeeShop.com along with the NRCA Smart Brief publication.
Karen's guidance to Mycocycle helps to place us where we need within the industry. Her network and experiences as a Founder and Business owner have been instrumental in our growth. Check out Karen's blog post on managing cash flow during a pandemic:
https://blog.gaf.com/tips-for-managing-cash-flow-during-the-pandemic/
Thank you to Karen for the time and guidance she lends to Mycocycle!
Check this out: https://www.designboom.com/technology/mycotech-lab-sustainable-sneakers-mushroom-mycelium-12-17-2020/
We love seeing mycelium in the news! We know what we are doing will make a difference and that the support from all of you will make the difference in how we view waste--as a resource, not a burden.
At Mycocycle we can’t do what we do by ourselves. It’s take a cross-pollination of industries and experiences to move us through building not only a company, but a technology—from scratch!
I’ll work to highlight the Team and Advisors over these next few posts so you get a chance to see the depth of knowledge.
Day 1=Doug Thagard. Doug and I met via RT3 and have been connected ever sense. He reached out after seeing a talk I gave about bioremediation of roofing materials (pre-Mycocycle) because he wanted to lessen the environmental footprint of Fontana Paper Mills, who produces asphalt impregnated roofing felts. Sending their materials to landfill is not a situation he wanted to see continue for their operations or for the roofing industry in general. Doug still carries a strong interest in Mycocycle via his role as Business Development Manager for Boral Roofing. He has developed a new line of products, is a technical driver, and is acutely aware of what is needed to develop, test and grow a product from innovation.
Doug has been and will continue to be a great mentor for Mycocycle, and we always appreciate his voice of the manufacturer as we progress through our scale up.
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