BioFeyn

BioFeyn is a biotechnology company that develops enhanced feed additives for the aquaculture industry, focusing primarily on Atlantic salmon. The company adapts nanotechnologies originally developed for human medicine to create a targeted, modular delivery system for nutrients and natural disease preventatives in fish feed. BioFeyn's technology encapsulates high-value feed ingredients such as vitamins, minerals, omegas, and astaxanthin in a biodegradable shell, improving their shelf life, absorption, and bioavailability. This approach aims to optimize existing ingredients that are already proven safe and sustainable, potentially reducing the environmental impact of aquaculture while enhancing fish health and nutrition.

The company's products are designed to be integrated into existing aquafeed supply chains, engineered to withstand the stresses associated with feed production. BioFeyn's technology uses biopolymers carefully matched with specific ingredients to create fine blends of nutrients optimized for both protection and absorption. This method represents an advancement over previous encapsulation techniques used in the feed industry, which were typically more basic in their approach to ingredient protection.

BioFeyn has conducted promising studies using the SalmoSim simulated salmon gut to validate its hypotheses around bioavailability and ingredient combinations. The company was preparing to begin trials with live fish to further demonstrate the efficacy of its technology. BioFeyn's innovation has garnered recognition within the industry, with the company winning the 2022 NCE Seafood Innovation prize at the North Atlantic Seafood Forum, which included a 100,000 NOK award.

Key customers and partnerships

BioFeyn has established connections within the Norwegian salmon farming industry. Nova Sea, one of Norway's largest salmon producers, has invested in the company through its entity, Olaisen Blue. BioFeyn is working with Nova Sea's feed and sustainability team to better understand industry challenges and identify areas where its technology can be applied. The company has also planned collaborative events, such as a multi-day workshop in the Arctic Circle on a leading salmon farm, to engage with investors and demonstrate the value of its technology in the salmon farming ecosystem.