The European Food Venture Forum was held for the eighth time in Aarhus, Denmark this September, where entrepreneurs, food producers, established companies and investors gathered to find the best business ideas in food and food technology. Entrepreneurs were given the opportunity to compete and present their unique business ideas in food and food technology to the forum of domain experts, international investors, and specially the representatives from food companies in Europe.
Mycorena AB, one of the portfolio company of GU Ventures, won the special Foodtech challenge award instituted by the Scandinavian food company Arla Foods. Mycorena was selected as being a company with great potential and of interest for Arla to work with.
“We are really glad! It is always nice to get such recognition and especially when it comes from a large industry player like Arla, it’s a big endorsement that Mycorena’s technology and product can bring huge value addition for the food industry. In addition to the recognition, the event also helped us to build our contacts and a lot of inspiration for the continued work, ”says Ramkumar Nair, founder and CEO of Mycorena.
Mycorena is one of the fast-growing biotech company in Sweden. They develop alternative proteins from fungi, which can be used as a new ingredient in both food and feed applications
Mycorena AB, is a Gothenburg based Swedish biotechnology company, developing alternative protein from edible fungi. Mycorena uses a unique patent protected technology that uses food industry waste or side streams to produce 100% vegan protein. Their protein brand, Promyc™ was launched this summer, aiming to solve the current protein challenges faced by the food and feed industries. Mycorena’s process is heavily oriented towards the circular economy approach, where high value protein is being created from the food industry waste with fungal biotechnology, which in practice means the up-scaling of industrial waste streams to generate new revenue source for the food industries.
Mycorena had so far received several recognition and start-up awards both at home and abroad. The company is now building their first demonstration pilot plant facility in Sweden, which upon completion will be Scandinavia’s first demo facility for producing alternative fungi- based protein product.
Learn more about Mycorena:
Om GU Ventures
GU Ventures är topprankad av UBI Global som en av världens 20 främsta universitetsstyrda inkubatorer. Sedan starten 1995 har GU Ventures utvecklat 150 nya affärsidéer. Portföljen består idag av 55 innehav, varav nio är noterade. 87% av företagen i portföljen bidrar till de globala hållbarhetsmålen som fastställts av FN.
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