Nourished, a 2023 Startups 100 Index alumni, gained the King’s Award for Enterprise within the Innovation class by advice of the Prime Minister to King Charles III.
The award, now in its 57th 12 months, is without doubt one of the most prestigious accolades a enterprise will be given within the UK and celebrates companies that champion worldwide commerce, innovation, sustainable growth, and alternatives for social mobility.
Launched in 2019, Nourished makes use of 3D printing know-how to provide personalised well being dietary supplements within the type of stacked gummies.
Capitalising on the well being and wellbeing growth after the pandemic, CEO Melissa Snover discovered an revolutionary resolution to compartmentalising all complement necessities into one stacked gummy. Our Startups100 judges thought Nourished was filling a spot available in the market and enjoying into the personalisation pattern.
The know-how makes use of science-backed vitamins and an clever logic advice algorithm to make taking each day dietary supplements a fast and simple job.
In dialog with Startups, SnoverNour mentioned, “Innovation is on the coronary heart of every thing we do at Nourished.”
“We produce every thing in-house from designing and creating our personal manufacturing equipment to testing and growing our personal product formulations and flavours. It’s this distinctive strategy which I imagine was recognised in our King’s Award software and which finally gave us the honour of successful”.
A monitor document of success
The King’s Award is simply one other hyperlink in a series of successes for Nourished. Again in 2019, the Birmingham-based startup secured £1.95m within the highest seed spherical ever raised by a feminine founder.
Nourished now employs greater than 100 individuals throughout three websites in its start metropolis and is ready to hit over £10m income in simply its third full 12 months of buying and selling.
Beforehand, the health-gummy enterprise has additionally positioned within the fifteenth place within the 2020 Startups 100 Index. It additionally gained the Development Enterprise of the 12 months on the Enterprise Champions Award and the Elite Enterprise’ Begin Up of the 12 months award.
When requested why it’s essential to apply for enterprise awards, Nourished famous “It serves as a validation on your experience, serving to you to ascertain credibility inside your business.”
“Successful awards creates a way of prince inside your workforce, and encourages loyalty as they really feel their efforts are valued and recognised by exterior entities.”
Rating on the Startups 100 Index has additionally given Nourished added credibility. As they observe in dialog with Startups, “Now we have obtained vital recognition within the press and social media on account of coming fifteenth within the Startups 100 Index, which helps to construct our model consciousness.”
Nourishing the long run
The startup has already expanded into the US and has formidable plans for the long run. Snover advised Startups, “We’re at the moment making ready to launch a brand new product vary within the UK, in addition to increase into new markets within the EU this summer season.”
It additionally lately took on a £2.5m funding from Suntory Holdings in a strategic partnership to assist deliberate growth into Asia in Q3.
Nourished’s success and momentum due to this fact continues to indicate what our Startups 100 Index alumni are able to, in addition to the significance of selling innovation, development, and funding for SMEs within the UK.
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