introduction
Our Founders have worked for 10 years to create an efficient way to discover new chemistry, naturally made by microbes.
While our vision is that we will discover all undiscovered compounds produced by microbes, and make them accessible to life science R&D organizations around the world, we are happy to announce a great example of a natural product. We plan to concentrate on developing and licensing a new, natural herbicide. Our labs and collaborating labs hope to be able to accomplish many of the late development de-risking activities while our collaborator will concentrate on the larger
We envision licensing our lead natural herbicide to an Agriculture company such as: → Valent(Sumitomo), Bayer, FMC, UPL, Corteva, Syngenta, NuFarm, ADAMA
success to date
- Seven peer-reviewed publications identifying new molecules discovered using the MGx platform.
- Investigated/discovered new molecules for clients in the agriculture and animal health industries (Corteva, Valent, Elanco).
- $400k angel investment in 2020.
- License for MGX-1001, a promising new herbicide with the potential to be the first new mechanism of action broad spectrum herbicide in 35 years (US Provisional Patent Applications #63/075138 and #63/181,745, PCT Patent Application #PCT/US2021/048904).
- One of six finalists in the 2022 $1M Radicle Growth-UPL Challenge.
- Out of 580 entrants, chosen for 1st Cohort HudsonAlpha AgTech Accelerator 2022, along with $100K convertible note
- Out of 4500 entrants, chosen as finalist in Hello Tomorrow Global Deep Tech Challenge.
- We now have two top 10 Ag Companies interested in testing/developing our herbicide.
problem
The key problem we are solving is: Herbicide-Resistant Weeds.
30% of crop losses each year are due to weeds. It is estimated that global crop yield lost to weeds could feed 1 billion people every year! Most of those losses are due to herbicide resistant weeds - due to overuse of current herbicides and lack of new mechanisms of action. Most herbicides on the market have seen some kind of resistance in the targeted weeds.
Yet, no broad-spectrum herbicide with a new mechanism of action has been discovered in over 35 years! This lack of innovation is incredible and hurts the farmers around the world.
solution
The MGx platform technology discovers new chemistry by harnessing the power of the world’s best chemists: microbes. Microbes have been creating and modifying chemicals to do specific tasks for over 4 billion years.
Regarding our lead molecule, we call it MGX 1001, we discovered that the bacteria responsible for the disease - onion center rot - actually produces a natural chemical that we have tested and are now developing into a broad-spectrum herbicide. It appears to have a new mechanism of action. U.S. Provisional Patent Application No. 63/181,745 and U.S. 63/075,138 - Licensed from the University of Illinois in May, 2022.
In the greenhouse test, January 2022, we found good activity against several important weeds. Below is an example of how it performed on an extremely harmful weed, Horseweed (erigeron) - note: this species of horseweed is especially resistant to glyphosate (RoundUp), the most popular herbicide in the world. 10 years to develop the optimal method for exploring and finding new naturally made chemicals.
MGX 1001 clearly has a herbicide activity against this weed while RoundUp had almost no impact at all. A herbicide with this effectiveness against herbicide resistant weeds will help farmers around the world control weeds, use less herbicide, and increase their crops’ yield.
frequently asked questions
business model
MicroMGx is a discovery and licensing company.
Our Process:
- Discover new molecules made by microbes using the MGx discovery platform.
- Test for bioactivity in crop protection.
- Patent the novel molecule and its specific applications (herbicide, fungicide, insecticide).
- Find collaborator(s).
- License our new molecule to uniquely qualified Global Ag company to develop and commercialize.
Using the MGx platform, we aim to discover new molecules at an unprecedented rate and hope to give the world access to natural medicines and agricultural products still waiting to be discovered.
Licensing would involve an upfront fee to MicroMGx, milestone payments once a customer successfully reaches a development milestone with our chemical, and then, once launched, royalties may flow back to MicroMGx.
market
The crop protection market (TAM) includes herbicides, insecticides, fungicides, and nematicides. Herbicides (SAM) are mostly generic, with no new mechanism of action in over 30 years. The market (farmers) are hungry for a herbicide that is effective against herbicide-resistant weeds. The top herbicides are currently bringing in $2B - $8B. By 2030, this may be a very conservative range for a disruptive herbicide.
press
- EIN Press Wire
The Radicle Carbon & Soil Challenge by UPL announces its finalists - BusinessWire
MicroMGx Platform to Support New Study Aimed at New Natural Product Discovery - MicroMGx
MicroMGx partners with Corteva Agriscience to Expand Use of Natural Products Discovery for Crop Protection
MicroMGx announces research collaboration agreement with Elanco to investigate animal-health promoting microorganisms
team
Use of Proceeds
If the offering's maximum amount of $1,069,998 is raised:
Use | Value | % of Proceeds |
---|---|---|
Compensation for managers | $136,568 | 12.8% |
Unallocated Funds | $0 | less than 0.1% |
Platform Costs | $600,000 | 56.1% |
Testing MGX 1001 | $150,000 | 14.0% |
Rent | $36,000 | 3.4% |
Structure Isolation | $60,000 | 5.6% |
Additional Equipment | $35,000 | 3.3% |
Intermediary fees | $52,430 | 4.9% |
Terms
This number includes all funds raised by the Company in this round on Netcapital. This is an offering of Common Stock, under registration exemption 4(a)(6), in MicroMGx, Inc. dba MicroMGx Inc. This offering must reach its target of at least $10,000 by its offering deadline of April 21, 2023 at 9:59pm ET. If this offering does not reach its target by the offering deadline, then your money will be refunded.
If the offering is successful at raising the maximum amount, then the company’s implied valuation after the offering (sometimes called its post-money valuation) will be:
Pitch Deck
Financials
MicroMGx Inc’s official name is MicroMGx, Inc., so that’s the name that appears in the statements below.
These financial statements have been reviewed by an independent Certified Public Accountant.
SEC Filings
The Offering Statement is a formal description of the company and this transaction. It’s filed with the SEC to comply with the requirements of exemption 4(a)(6) of the Securities Act of 1933.
We’re also required to share links to each of the SEC filings related to this offering with investors.
Understand the Risks
Be sure to understand the risks of this type of investment. No regulatory body (not the SEC, not any state regulator) has passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials or information posted herein. That’s typical for Regulation CF offerings like this one.
Neither Netcapital nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.
The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
More Info
Updates
- Jan 2, 2025Hello Investors and welcome to 2025. As with...
- May 1, 2024Dear MicroMGx Investors, We signed an...
- Apr 11, 2024Dear MicroMGx Investors, When negotiations...
- Apr 22, 2023Primary offering finalized, sellingshares
- Apr 21, 2023**Thank you to all of our 67 investors** Today...
- Apr 17, 2023**Mexico will be banning Glyphosate (RoundUp)...
- Apr 14, 2023We just returned from a trip to Lincoln...
- Apr 6, 2023**Targeted Question:** We are 8 days away from...
- Apr 6, 2023Hi Investors, a company we all know, Bayer AG,...
- Apr 4, 2023Thank You Friends, Family, Colleagues, and...
- Mar 29, 2023We are excited! 11 new investors in the past...
- Mar 27, 2023Our last week of crowdfunding! MicroMGx...
- Mar 27, 2023We wanted to post this new release from Plug...
- Mar 22, 2023Today is Demo Day! Be sure to register for...
- Mar 20, 2023We received exciting news this weekend. Plug N...
- Mar 15, 2023Dear Supporters, We want to express our deepest...
- Mar 14, 2023Silicon Valley Bank's collapse has been in the...
- Feb 22, 2023Hello Fellow and Future Investors in MicroMGx....
- Feb 13, 2023Hello Current and Future Investors. It is an...
- Jan 25, 2023MicroMGx is excited to announce that we have...
- Nov 25, 2022As CEO of MicroMGx, I wanted to let our...
- Oct 23, 2022We at MicroMGx are very happy and proud to...
- Oct 13, 2022The leadership team at MicroMGx would like to...
- Sep 22, 2022It is starting to get exciting! I have...
- Sep 14, 2022We have just started on this 2 month journey to...
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