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Miller, Quinci Danielle
Explanation in MBA language:
GFRP is a venture fund that focuses on developing emerging technologies into new products and services for the food, protein, and agriculture industries. Soan Ware is a patent for a new type of baking ware that can keep food at desired temperatures during transportation for dinner parties, catering, and other large-scale events. The innovative design eliminates the need for traditional double-walled crock pots and hot-pads, making it a space-saving solution. The technology was developed by researchers at Purdue University and is made of thin, packable glass and silicone. The patent represents an opportunity for GFRP to invest in a potentially disruptive product that could drive innovation and economic growth in rural communities.
Potential food and agricultural uses:
Market sizes/values for each use case:
Warrant for further due diligence:
Citations:
Researchers at Purdue University have developed new baking ware, known as Soan Ware, for dinner parties, potlucks, and catering. The thin, packable glass and silicone design for Soan Ware allows food to remain at desired temperature when transporting between home and a party or to a business or large-scale event. The dishes features a stone slab that can either be frozen or heated to specific temperature and then allows food to be kept warm or cool for a long time, eliminating need for traditional double walled crock pot and hot-pad technologies that often do not accurately maintain desired food temperature. In addition, in potluck settings most attendees typically bring a dish, leaving limited space to keep all the food hot or cold. Soan Ware meets this challenge by saving refrigerator, oven, and countertop space in kitchens.
