roughly Irish agritech’s massive concept for protein chosen by world accelerator

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The Donegal startup acquired an preliminary funding of $200,000 for its mushroom-based flour that can be utilized to make high-protein meals.

Irish start-up Niskus Biotec has been chosen by Huge Concept Ventures to hitch its newest world accelerator.

The Irish agritech is considered one of 17 early-stage firms chosen to hitch the brand new biannual protein acceleration program. Niskus, the one Irish start-up within the cohort, has acquired an preliminary funding bundle of $200,000.

The accelerator goals to deal with the longer term problem of feeding the world sustainably. Huge Concept Ventures mentioned the choice protein market will help make high quality protein cheaper and extra accessible, whereas transferring the manufacturing course of end-to-end to native communities.

Niskus Biotec works with agri-food and biotech firms on large-scale solid-state fungal fermentation. It selects appropriate fungal strains for processes and develops fungal-derived merchandise similar to proteins, enzymes and intermediates.

The Donegal-based firm’s first vary of merchandise is MycoGrain, which is a high-protein, mycelium-based flour that can be utilized as a base ingredient for a variety of meals merchandise.

Niskus mentioned this flour may be tailor-made to supply further taste, texture, aroma and nutraceuticals by altering the fungal species within the fermenter.

Earlier this yr, Niskus was considered one of 9 meals and agriculture startups to finish the 12-week Agccelerator AgTechUCD Program. It additionally not too long ago established a manufacturing facility on the Ballybay Meals Enterprise Hub in Monaghan.

“We’re delighted to have been chosen for the Huge Concept Ventures accelerator, the assist of their workforce helps us forge robust collaborations with meals firms and connections with meals know-how buyers around the globe,” mentioned Vincent Farrelly, CEO. from Niskus Biotech.

Huge Concept Ventures mentioned the investments had been made by way of its three workplaces in Paris, New York and Singapore, together with its first fund known as New Protein Fund I. Up to now, the enterprise agency mentioned it has invested in additional than 100 firms in 22 international locations.

The 17 firms chosen for the accelerator come from the US, Canada, UK, Germany, Singapore, Australia, Iceland and Eire.

“These firms provide compelling options to scale manufacturing, cut back prices, and enhance the vitamin and taste profiles of different protein merchandise,” mentioned Andrew D. Ive, founder and managing companion of Huge Concept Ventures.

“I encourage buyers, company leaders and companions to succeed in out to the founders of the businesses they’re most enthusiastic about and be taught extra concerning the modern applied sciences and functions they’re growing.”

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Irish agritech’s big idea for protein selected by global accelerator

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