Proof of Usefulness Report

Ironic Biotech

Analysis completed on 2/3/2026

+229
Proof of Usefulness Score
Gaining Momentum

Ironic Biotech is a legitimate, venture-backed Swedish startup (raised ~$1M Pre-Seed, led by Nordic Foodtech VC) addressing global iron deficiency via precision fermentation. While the project demonstrates high real-world utility and technical innovation with a patented heme iron solution, the submission itself contained significantly false claims regarding traction ('most people have used my product') and reach. The evaluation rewards the verifiable scientific merit and market potential while penalizing the inaccuracy of the submission data and current lack of commercial scale.

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Score Breakdown

Real World Utility+108.0
Audience Reach Impact+12.8
Technical Innovation+64.8
Evidence Of Traction+16.0
Market Timing Relevance+36.0
Functional Completeness+3.0
Subtotal+240.6
Usefulness Multiplierx0.95
Final Score+229

Project Details

Description
Insufficient iron levels lead to fatigue, focus issues, headaches, heart palpitations, learning disabilities, and depression. Low iron not only impacts women and girls but also the elderly, children, vegetarians, vegans, and those with chronic illnesses. This, mainly female, problem can affect performance levels and cause productivity and income gaps between men and women from an early age in life. Ironic has developed a portfolio of patented non-animal heme iron compounds with absoption rates comparable to the iron in meat. We produce them sustainably through precision fermentation. Our product is tasteless and stable, so it can be taken as pills or mixed in foods. We are also working with food companies to add our bioavailable iron directly into food products.

Algorithm Insights

Market Position
Growing utility with room for optimization
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline