2022 has been a great year for Innomost, with many important events that support our journey and global growth plan. Here is a summary of this year’s highlights.
Thank you to our great customers!
This year we have strengthened the collaboration with our existing customers. Many commercial products with our ingredients are available in several international markets.
We gained new customers in several countries in different continents. Currently our ingredients are being tested and formulated into new commercial products to be launched soon.
Warm congratulations to our long-term customer, Luonkos, for winning the Nordic Natural Beauty Awards 2022 with Refresh Uplifting Dry Shampoo, containing our Birch Bark Powder.
The construction of our 1st production plant has been completed
The production plant construction started in April. The construction works have advanced fast and are now completed. The production starts in early 2023. The construction of our first production plant is the next step towards sustainable production of environmentally friendly, upcycled ingredients into the global market. Up to 100.000 kg of birch bark can be processed annually.
The process of registering our patents is progressing
The patent registration process for our in-house designed production process technology is progressing and more patents are to be applied soon.
We raised additional 1M € investment
In June, additional 1 million euros investment in bridge funding was raised to take our global growth plan to the next level and extend financing on the way to full industrial scale production. Tesi (Finnish Industry Investment Ltd) through its Venture Bridge- bridge funding program, Metsä Spring Ltd and Innovestor Ltd joined the round.
We continue with product development
We continued to develop our existing portfolio. Based on customer feedback, we launched new product, Inner Birch Bark Powder – an optimal replacement for microplastics. More novelties are currently under development for several successful industries, to be launched soon.
We got great in-vitro study results
We have been conducting several product tests this year, with great results in in-vitro studies for both Betulin and Suberin.
Our team is growing
We are happy to see our team grow with new professionals this year. We have strengthened our team with international sales & marketing, as well as core R&D and technical competence. Warm welcome Suvi Teräslahti, Aino Erkinjuntti, Teemu Hietala, Krista Leppälä and Janne Pallaspuro to Innomost team. More professionals are joining our team very soon.
We are looking forward on starting 2023 – the year full of interesting possibilities.
With the start of our first production plant, we will be able to serve our existing and new customers in various industries quickly and reliably, even in large quantities, in various markets in different continents. We continue our product development and look forward on launching new products. More product testing is on-going, and we are expecting the results during the year. We welcome more professionals that will join our team in 2023. We will also be attending international trade shows, such as In-Cosmetics Global 2023 in Barcelona.
Thank you 2022, and Welcome 2023!
CEO Sami Selkälä