Satavie Wins 2023 Soy Innovation Challenge
Beating out nearly 80 global rivals, the United Soybean Board and the Yield Lab Institute has named Satavie the winner of the 2023 Soy Innovation Challenge.
The focus of this year’s challenge was identifying innovations that increase the use and value of soybean meal in existing markets. Woven into this focus is the goal of strengthening soybean meal markets as renewable energy feedstock demand drives up supplies.
And it was Satavie’s approach to extracting concentrated soy protein from soybean meals in a way that ensures high digestibility levels, better nutrient absorption, and elevated food conversion rates ideal for swine, poultry, and aquaculture feeds that led to the company winning.
As the winner, Satavie received $100,000 from the United Soybean Board, and $5,000 in one-of-a-kind technical services and credits from Amazon Web Services. The other three finalists: POLARISqb, SoyKitty, and Ichthus Unlimited, also received a cash prize, mentoring, and resource help to advance their ideas, tech, business, and financial impact.
Satavie stated that the prize money will be used to scale the company, verify their product in-market, to start to build a customer base in the U.S., and to bring its technology into a facility to start processing U.S. soybean meal in the U.S.