EU Food Accelerator Backs Six Future Food Startups in Latest Awards
Summary
EIT Food awarded grants to six future food startups at its Next Bite event in Rome. The winners work on cultivated meat, mycelium protein, cell-based cocoa, palm oil alternatives, and fermentation-based ingredients. One recipient, New Wave Biotech, builds AI software for precision fermentation companies and will use the money to validate its technology with CPI. The article also places the awards in the context of broader EU investment in alternative protein research and commercialization.
Funding
Amount
$54.5K
Total raised
Date
January 1, 2024
Announcement date
Investors
CPI
Lead investors
Company
-
Funded company
Classifications
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applications
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AskAI Classifications
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