Melt&Marble awarded €2.76M by European Innovation Council
Summary
The EICs recognition underscores the groundbreaking nature of Melt&Marbles precision fermentation and microbial engineering platform, which promises to deliver healthy energy- and resource-efficient, low-emission foods.Selected as part of a highly competitive process that saw 969 companies submit a full grant proposal, Melt&Marble is one of 68 European deep tech start-ups chosen by the jury to receive the blend of grant and equity funding unique to the EIC Accelerator. The EIC Accelerator Challenges invite proposals in areas where breakthrough technologies or game-changing innovations developed by start-ups or SMEs can have a major impact on EU objectives. Notably, Melt&Marble is also one of 14 female-led companies to succeed in this funding round and gain access to leading expertise, corporates, investors and ecosystem actors.In addition to the 2.5M EIC grant, Melt&Marble has also secured a further 260K grant from the Horizon Europe Framework Programme (HORIZON), part of the EUs Farm to Fork strategy. This initiative will accelerate the companys DairyMarble program, aiming to provide superior dairy fats for the next generation of cheeses, butters, and bakery products.Were thrilled to receive this funding and proud to be recognized for our efforts in driving the transition towards a more sustainable food system, said Anastasia Krivoruchko, co-founder & CEO, The EUs commitment to supporting innovative food production technologies is truly encouraging. In parallel, Melt&Marble is exploring MeatyMarbles potential in other industries, including personal care, where there is a growing demand for sustainable specialty fats driven by evolving consumer preferences.Chief Business Officer, Thomas Cresswell commented: These grants mark a significant milestone for Melt&Marble, enabling us to decrease production costs, scale our innovative technology and bring sustainable fats to market.