Outset’s 25-Year Deep Tech Journey

From the Outset: Daisy Lab by Melissa Grey from DMG Digital Advertising

Outset’s 25-Year Deep Tech Journey: A Casual Celebration to Remember

Just a few days ago, Outset Ventures threw a laid-back yet memorable bash to celebrate not just its 7th anniversary but also an impressive 25-year journey in the deep tech world. The event, held on December 12th at Outset’s Parnell headquarters, was less of a formal ceremony and more of a relaxed get-together among friends and colleagues in the tech community.

The evening was all about good food, great company, and a bit of nostalgia. With a BBQ sizzling away at our newly built pit at the Outset Campus, the atmosphere was perfect for reminiscing about the past and dreaming about the future. It was a chance for everyone who’s been part of Outset’s story – from the early days to recent successes – to come together, share a laugh, and enjoy some delicious eats.

The evening was filled with casual conversations, where stories of innovation, challenges overcome, and milestones achieved were shared over a beer or two. It was a celebration of the community spirit that’s been a cornerstone of Outset Ventures since the beginning.

As we looked around at the faces – some familiar, some new – it was clear that Outset’s journey has been about more than just developing technology. It’s been about building a family of innovators, thinkers, and doers who are passionate about making a difference. The event was a fitting tribute to the hard work, dedication, and collaborative spirit that have been the hallmarks of Outset’s 25-year odyssey in deep tech.

As the evening wound down, there was a sense of excitement about what the future holds. With a legacy of 25 years in deep tech and counting, Outset is more committed than ever to being a nurturing ground for the next big ideas in deep tech. Here’s to many more years of innovation, growth, and BBQs at Outset Ventures!

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What inspired the creation of Daisy Lab?

“Daisy Lab is probably a product of frustration rather than inspiration. Both Nikki and I (Irina) were frustrated with the status quo in the dairy industry and saw precision fermentation as a better solution.”

What is precision fermentation?

“Precision fermentation involves giving microbes extra genetic instructions to produce desired compounds, such as dairy-identical proteins, in controlled conditions.”

What is Daisy Lab's main focus?

“Our focus is on making dairy-identical proteins without cows using microbes through precision fermentation.”

What were the initial challenges Daisy Lab faced?

“Early on, we faced challenges like securing contracts with universities, finding suitable students, and deciding on the best organisms for our research.”

What backgrounds do the founders of Daisy Lab come from?

“My background is in business consulting and bioinformatics, which, combined with Nikki’s qualifications and expertise in Molecular biology, Microbiology, Nanopore and Illumina sequencing – brings a diverse skill set to Daisy Lab.”

 

What makes developing dairy-identical proteins using microbes challenging?

“The challenges include selecting the right microbes, ensuring the genetic instructions are correctly incorporated, and overcoming protein processing limitations.”

How does Daisy Lab's technology compare to other alternatives in the market?

“While direct comparisons are challenging, we’ve made significant progress in scaling yields and developing a clean fermentation process that simplifies downstream processing.”

How does Daisy Lab ensure product quality and consistency?

“We replicate the same processes to ensure consistency, with our end-to-end processing showing consistent results.”

What is Daisy Lab's strategy for market integration?

“Our strategy involves education, collaboration, and showcasing our products’ environmental and ethical benefits to appeal to consumers and partners.”

How does Daisy Lab plan to scale up and expand its market reach?

“Scaling up is challenging, but we plan to leverage our novel qualities, such as reduced emissions and ethical production, to engage the market effectively.”

What is the anticipated timeline for Daisy Lab's market entry?

“We anticipate market entry through IP partnerships within 18 to 24 months, depending on our development progress and the establishment of a pilot plant.”

How has Outset Ventures supported Daisy Lab?

“Outset Ventures has been instrumental, especially in facilitating the expansion of our lab space, which significantly accelerated our R&D efforts.”

What makes Daisy Lab an attractive investment opportunity?

“Daisy Lab offers solid technology, a proven track record, capital efficiency, and significant market potential in sustainable food production.”

What are Daisy Lab's short-term and long-term objectives?

“In the short term, we’re focusing on product development and fundraising. Long-term, we aim to scale our technology for broader market distribution.”

How does Daisy Lab maintain a competitive edge?

“We maintain our edge by continuously innovating, focusing on capital efficiency, and quickly adapting to market and technological advancements.”

What has been the most rewarding experience for you at Daisy Lab?

“Reflecting on our journey and realizing the significant impact we’ve managed to achieve has been incredibly rewarding for me personally.”

What advice would you offer to aspiring entrepreneurs in tech or sustainability?

“My advice is to pursue your passion for the end goal. This passion will guide you through challenges and help you exceed expectations.”