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Precision Fermentation & Cell Agriculture Disrupting the Dairy Industry

In the dairy industry, cell cultures and fermentation techniques are beginning to demonstrate industrial and commercial viability, as shown by the growth of investment in this sector and the emergence of new startups using these technologies as their foundation. Proof of this is that investment in the dairy segment has tripled in 2021, compared with 2020, according to Dealroom data analyzed by Eatable Adventures. Also, according to data from The Good Food Institute, fermentation companies have raised $1.7 billion, which accounts for one-third of all investments in alternative proteins. 

Research, innovation, and technology make it possible to develop new production and food transformation models that allow us to improve existing products and create new ones. By remaking the same proteins and fats from dairy, but without animals, formulators are trying to create dairy alternatives that closely resemble traditional dairy products, thanks to disruptive technologies like cell agriculture and fermentation. 

The following extract from the FoodTech Market Intelligence Report – Alternative Dairy by Eatable Adventures highlighting the technologies and startups debuting in the Dairy Industry demonstrated that precision fermentation continues to gain momentum among new startups in the sector.

Alternative Dairy Startups Momentum

Source: Dealroom data analyzed by Eatable Adventures

From Eatable Adventures data, we find that in 2021 the alternative dairy fermentation startup, Perfect Day, debuted the fermentation investment profile after receiving $350M in funding, followed by Remilk at the beginning of 2022, receiving $120M.

Additionally, according to more Eatable Adventures data, we can state that precision fermentation technology is highly mature at the moment in terms of investments, meaning that the fascinating technology that cell culture is, is still ripe for innovation and is estimated to grow exponentially in the upcoming years.

Cell agriculture and fermentation in the dairy industry

Source: Dealroom data analyzed by Eatable Adventures

 

Precision fermentation is not only very mature in terms of investment, but also in terms of technology development. Foods containing ingredients made with this technology have been around for decades, and we are eating them on a daily basis. A recent article by Sonalie Figueiras from Green Queen features different precision fermentation foods and products we have been consuming, including enzymes used in food production (e.j pectinases which help make fruit juices clear), vitamins we take in supplement form or powder, natural flavors added to certain foods (e.j vanilla flavoring), and even cheese (rennet, a key ingredient in cheese production, is produced via precision fermentation). 

On the other hand, cell-cultured technology is a promising technology for animal-based proteins but still needs further development and acceptance.
By using this method, meat is produced with the same types of cells arranged in the same structure as animal tissues, delivering identical sensory and nutritional properties as conventional meat. Nevertheless, there are still many obstacles for cellular agriculture to overcome such as regulatory aspects, consumer perception, and socio-political challenges, but that doesn’t negate the fact that is a rising trend that entrepreneurs and investors, and companies should follow.

Accelerating the market through Open Innovation Programs

In this food revolution, open innovation programs and synergies between big companies and startups are of major importance to accelerate growth and assist new startups to reach their objectives.  For instance, Mylkcubator, the global incubation program led by Pascual Innoventures, and Eatable Adventures, recently launched its second edition and are currently seeking projects with innovative solutions in the cellular agriculture spectrum for the dairy industry. 

If you have THE idea or project regarding disruptive innovation in the dairy industry using cell agriculture technology, visit the official website mylkcubator.com and get to know all the details about the program.

For further details regarding Mylkcubator, click here.

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Baking the Future seeks startups for its second edition 

  • Baking the Future, Europastry’s startup acceleration program, begins the selection process for its second edition with Google Cloud and Eatable Adventures as collaborators.
  • Google Cloud, which recently landed in Barcelona, will collaborate hand in hand with Cereal and its accelerator Baking the Future, to boost the digital transformation of bakery startups.
  • The startups chosen for this second edition will enjoy a workspace, mentoring sessions, access to Europastry’s R&D department and will gain global impact through direct contact with the most relevant agents of the bakery industry value chain.

 

Baking the Future, Europastry’s startup acceleration program, opens the selection process for its second edition, which aims to find the next startups that will revolutionize the bakery sector.

After the success of the first program’s edition, we have teamed up with two collaborators that will bring a lot of value: Google Cloud and Eatable Adventures.

Google landed this June in Barcelona with a team of business consultants and experts in digital and cloud marketing to support and boost the digital transformation of companies by working and collaborating hand-in-hand with projects such as Baking the Future.

 Google Cloud will be close to the startups in the program, offering mentoring sessions, and providing support on its Cloud services. In addition to being part of the jury that will decide which startups will be with us in this second edition.

On the other hand, Eatable Adventures, the leading company in detecting and promoting the world’s most innovative and disruptive food startups, will offer entrepreneurship and business plan sessions.

 “We are proud to continue driving open innovation models with a leading global company like Europastry. Our collaboration started in 2019 with Baking the Future Challenge, a competition to improve processes and operations through the most disruptive startups in the industry and has derived into a more ambitious project with the accelerator program. Being able to activate a collaboration with Europastry, accessing an R&D center like Cereal, is a unique opportunity for any startup whose innovations and technologies apply to the bakery sector.” – Says José Luis Cabañero, Founder & CEO of Eatable Adventures.

 

SECOND EDITION OF THE BAKING THE FUTURE PROGRAM

The selected startups will enjoy:

  • A workspace in the Cereal, Europastry’s Innovation Center, equipped with the latest technology.
  • Mentoring sessions with highly qualified Cereal professionals from the R&D, commercial and marketing teams and the EaTable Adventures and Google Cloud teams.
  • Access to Europastry’s R&D department to develop, test and launch the product using the latest technologies to move from lab scale to pilot scale at Cereal’s facilities.
  • Global and direct project presentation with all the bakery’s industry value chain agents.

The drivers for these startups will be sustainability, improved customer experience, health and technologies aimed to improve production without losing sight of product quality.

Those interested in being part of the project can apply from today on the Baking the Future website.

 

INNOVATION AND EUROPASTRY

Innovation is part of our DNA. The company itself was born from an idea that revolutionized the bakery sector and since then, Europastry has always sought to be at the forefront of the sector, anticipating new trends and offering its customers the most disruptive products. “If you stop innovating you end up losing competitiveness and capacity for growth. That is why it is very important to keep reinventing yourself and never think that what you have is for life,” said Jordi Gallés.

Europastry currently invests 60 million euros a year in innovation and has one of the most avant-garde and pioneering R&D centers: Cereal.

“We have been part of the Baking the Future program and this is the result: a bread made with the flour of beer waste,” explains to us Aviaja, co-founder and CEO of Agrain, one of the startups accelerated in the first edition that came with a project that bet strongly on a more sustainable future of the food industry and that today already has a niche in the market. “Being part of Europastry has been a very good experience. We have met very astute and intelligent people who are passionate about the bakery sector.”

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Mahou San Miguel launches a new challenge addressed to the entrepreneurial community seeking to find the beverage of the future

  • The brewery along with the accelerator Eatable Adventures, are calling for startups from all over the world to participate in a new innovation challenge for the beverage sector.
  • The selected entrepreneurs will have the opportunity to develop a product test together with Mahou San Miguel’s team of experts.

Mahou San Miguel, a 100% Spanish family-owned beverage company and leader in the beer sector in Spain, launches the Rethink Your Drink Challenge, a new challenge to discover the drink of the future. As part of its Barlab Ventures project, along with Eatable Adventures, one of the three leading global food technology accelerators, the brewery wants to offer an open innovation platform for the entire food and beverage sector.

From today until September 5, startups from around the world with a differential, sustainable and innovative proposal that generates a transformative impact on the traditional beverage industry can submit their applications through the website www.barlabventures.com.

In the words of Miguel Ángel Miguel, General Manager of Transformation at Mahou San Miguel, “BarLab Ventures allows us to unite two of our main commitments: to leverage the possibilities that technology offers in order to provide innovative solutions to new challenges of the beverage sector, as well as strengthening collaboration with other organizations to drive their transformation”. Miguel Ángel, also points out that “we are convinced that through this project we will be able to share with entrepreneurs a common perspective to make bars, restaurants, distributors and the rest of our value chain strengthen their collaboration towards generating wealth, based on aspects such as excellence, innovation, and sustainability”.

José Luis Cabañero, CEO and founder of Eatable Adventures, commented “we are delighted to launch this initiative hand in hand with Mahou San Miguel, a company that is clearly committed to innovation and entrepreneurship”. He also assures that “the beverage sector offers many opportunities for entrepreneurs and startups who seek to offer alternatives and innovative solutions to consumers, responding to the current reality but, above all, to the challenges of the future”.

 

Supporting entrepreneurs

The startups will have to present their innovative solutions in one of the following categories: innovative non-alcoholic alternatives, low alcoholic beverages (4º-7º), traditional categories reinvented, and beverages of the future.

Mahou San Miguel will offer the opportunity to develop a product test with its team of experts to accelerate the success of the winning proposals. In addition, the brewery will make available to the startups its distribution network, support in managing their territorial licenses, as well as in the field of financing, among other services.

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ICEX Webinar – How is the Alternative Protein sector being disrupted in Spain?

Webinar by ICEX Spain Trade & Investment, with the global network of Economic & Commercial Offices of Spain

The innovative and accelerated era we are living in has challenged the food industry to evolve the way it has been operating up until now. Consumers’ interest in alternative protein is increasing globally. In order to take advantage of this opportunity, food industry players must understand the evolving market dynamics and place their bets on innovation.

Spain’s alternative protein industry has grown exponentially in the last few years, demonstrating both the potential of this new market and the challenges that need to be faced by this industry in the upcoming years. As of today, Spain has one of the most prolific ecosystems for foodtech entrepreneurship. The Spanish alternative protein companies saw investment figures rocket by 5,527% in 2021, raising 26 million euros, up from just 0,49 million euros in 2020.

New players in the ecosystem, including big companies, technology centers, and disruptive startups, have contributed to the growth of the plant-based market. Aside from plant-based solutions, fermentation, bioprinting, and cell cultivation technologies are capturing investors’ attention more and more, having a huge potential for innovation, and claiming a much larger share of investment than ever before.

Webinar ICEX

ICEX Spain Trade & Investment, together with the global network of Economic & Commercial Offices of Spain, will host a webinar on June 30, 2022 featuring five Spanish startups and one of the leading technological centers that are disrupting the food industry by using the most innovative technologies to create the foods of the future, in the most sustainable way.

This initiative seeks to strengthen the network of the Spanish foodtech industry, to showcase its successes and interesting projects, and to enhance collaboration.

To make sure you don’t miss out on this opportunity, ICEX is offering you two time slots options that may suit your schedule. 

Register for free in the 9AM CET slot here, and in the 6PM CET slot here.

Guest Speakers at the International Roundtable:

Looking forward to seeing you there!

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Meet the Alumni: Proppos

Artificial intelligence has become a fundamental pillar of the food industry these days. This new technology has a purpose throughout the entire agri-food chain, innovating, streamlining, and improving processes within the sector allowing it to offer a better service, quality, and product to consumers. 

Proppos

We had the opportunity to interview Nil Salomó Bellavista, CEO and Co-Founder of Proppos, an artificial intelligence company specializing in food recognition, which together with its partners, offers first-class A.I. payment solutions to the Food and Retail industries. Proppos’ mission is to transform the payment experience through an accurate, autonomous, and accessible computer vision solution. 

Read on to learn firsthand how the idea for the company came about, future goals, his views on how artificial intelligence will change the world, and more.

 

How did the idea of starting Proppos come up?

While working in the food sector, specifically in a catering company within the IT team, we observed the need to speed up the queues in the food service business, yet without increasing costs. The most feasible and optimal solution was to automate the payment system using artificial intelligence and computer vision technology.  The products we were selling consisted of natural products, with no barcode, making AI the technology of choice for this project. From this idea, we started to conceptualize the Proppos concept in 2019. 

What stage of the project were you in when you entered the Eatable Adventures Accelerator Program and how do you consider you have come out? 

We entered the Eatable Adventures Accelerator Program in the very early stages of the project, but already had a validated MVP and some market traction.

Throughout the program, our ideas were maturing and becoming more formalized. Our project was much clearer at the end of the program, both in terms of funding, processes, and relationships with companies. 

Do you have new innovations in mind for Proppos? 

Absolutely! Our goal is to diversify our customers as much as possible within the food service sector. 

At the very beginning of our project, we were faced with the challenges of the global pandemic, in which the whole catering sector was forced to close to the public. Having a new and innovative project focused on the food service sector slowed down the integration process as we had to explain and show our customers what Proppos was all about. Like everything else, the sector had to innovate, and with this new opportunities appeared for us for implementing our technology in the food sector, from order tracking in the fast-food sector, to monitoring food safety in clinics and hospitals.

In what ways do you think artificial intelligence is going to reshape the world? 

It certainly has already been doing so. Gradually, before we know it, we will be involving artificial intelligence in our day-to-day lives. The first step will be to use tools like ours to automate monotonous and simple task processes, streamlining human daily life, saving time, and allowing workers to focus on more value-added reasoning tasks.  

What has been the best advice Jose Luis has given you?

He has helped and advised us in many different areas, but especially in terms of investment and how to focus when it comes to seeking investment rounds. Thanks to him we understood the importance of expanding and searching for investment at an international level to be able to scale the company and generate money in a sustainable way.

 

Learn more about Eatable Adventures’ alumni by visiting more interviews in our blog.

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Food 4 Future – Foodtech World Summit in Bilbao

Food 4 Future

Food 4 Future– Expo FoodTech (#F4F2022) the international reference forum where food and beverage industry professionals learn about the latest trends, solutions, and technologies to optimize and innovate throughout the value chain, will take place from May 17 to 19 in Bilbao. 

This year, Food 4 Future celebrates its second edition which is expected to attract more than 7,000 congress participants and 253 exhibiting brands. A meeting point for innovation managers, IT managers, marketing managers, and CEOS of the food industry, emphasizes the major challenges of the industry: sustainability, food safety, and the digitization and automation of industrial production processes. 

Food 4 Future encourages the transfer of knowledge and experience among international professionals and experts, including renowned scientists and researchers, startups that are redesigning the food industry, top chefs, and representatives of the public administration. Food 4 Future, organized by NEBEXT and AZTI, has the support of the Basque Government, the City Council of Bilbao, the Provincial Council of Bizkaia, the BASQUE TRADE, ICEX, and the Ministry of Agriculture, Fisheries and Food of the Government of Spain; and the associations and collaborators that are leaders in this industry as HAZI, NEIKER, ELIKA, EIT Food, ILSI Europe, Food for Life, SPRI, Eatable Adventures, SanTelmo Business School or IASP (international association of science parks and innovation areas). 

Agenda

The congress will feature more than 70 sessions and vertical forums for each sector of the agri-food industry, which will focus the debate on the major challenges facing the industry, with special emphasis on the application of automation and robotics, the transition to the new Industry 4.0, and content related to sustainable and healthy food.

As strategic partners in this event, we would like to highlight that Eatable Adventures’ Ecosystem Manager & Innovation Consultant Paula Álvarez Ameijeiras will moderate a round table where leaders in the industry such as Anthony Finbow, CEO of Eagle Genomics, Charis Galanakis, R&I Director of Galanakis Laboratories & Mathew Gorton from New Castle Unversity will be discussing “R&I for sustainable and healthy food systems” on May 17th at 12.00h. 

Furthermore, Eatable Adventures’ ​​Managing Partner & Co-Founder Mila Valcárcel will be speaking in a session about “Building a strong global foodtech ecosystem from Spain” on May 18th at 12.45h. 

For more details about the Agenda of Food 4 Future Summit visit their webpage.

 

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Meet the EAA Alumni: Innomy

With the growing demand from the population to eat more and more sustainably, fungi-based meat is one of the new alternatives being pursued by many companies, with the aim of mimicking the taste and texture of real meat. 

Innomy, an Argentinan-based startup located in Spain, is using fungal tissue cultures combined with precision fermentation technology to create complex structures that replicate the fibrous and tender consistency of meat. Created in laboratories, fungi-based meat relies on the mycelium, which is a network of fine filaments that are similar to the muscles of animals. The company modifies the shape, color, and flavor of the filamentous structures in mycelial matrices to make products that taste like meat.

During our interview with Francisco Kuhar, CSO & Technology Partner of Innomy, whose company participated in our Accelerator Program in 2020, he explained how the program helped the company grow, the reasons they chose the fungi-based meat to create their product, and the best advice they received from our CEO, Jose Luis Cabañero. Read on to learn more about Innomy’s experience during the Eatable Adventures Accelerator Program.

 

What stage was Innomy at when you joined the Eatable Adventures Acceleration program? Can you tell us about the growth Innomy has had since participating in our acceleration program?

When Innomy joined the Eatable Adventures Acceleration program: ‘Spain Food Tech’, the development stage was at an advanced stage, but the team’s configuration as a startup was incipient and a lot of organizational work was needed to be able to expose itself to investors and the public. Working with CNTA in the framework of this program was a huge help, as this institution became a valuable partner along the way. The experience we gained from Eatable Adventures enabled us to develop a credible business proposal, as well as to organize the team, understand the language of communication, and present ourselves to investors. In addition, the contacts provided by the Program and the appearances at various events allowed us to increase our reach and access to financing and production proposals.

 

What has the Spanish foodtech ecosystem offered you to establish your company in Spain?

In particular, we felt very supported by the Basque ecosystem. Institutions such as Beaz, Talent, and the BIC of this community welcomed us and helped us in a very active way. On the other hand, Basque research institutions and industry have been very supportive and are allowing us to grow.

 

What are the advantages and benefits of using mycelium compared to other protein alternative raw materials on the market today?

The mycelium contains high-quality protein in terms of its amino acid composition, but also in the supply of vitamins, Beta-glucans, ergosterol, and other compounds whose health benefits include the maintenance of a competent immune system, lower cholesterol levels, and the availability of nutrients without the need for artificial additives.

What is the most valuable piece of advice José Luis has given you in our Acceleration Program?

José Luis taught us that talking with a product on the table is much more effective than communicating ideas or a project. Even if it needs to be improved, the product shows an anchor with the reality that is often valued in the European entrepreneurial environment. Our speech was crystallized into a solid demonstrable development, which changed the way investors or other partners listened to us.

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Spain as a global benchmark in FoodTech during the I InnoDays Madrid

Singapore, Israel, and Madrid? FoodTech is gaining momentum in the city trying to become a global reference. Public administrations and private agents have aligned their interests to position the region in one of the sectors of the future. These intentions were evident during the first thematic session of the Innodays, a series of sectoral meetings to promote entrepreneurship in the field of innovation organized by the Madrid City Council, the Community of Madrid, and the Madrid Innovation Driven Ecosystem (MIDE).

Spain as a FoodTech Nation

Among all the guests at the first InnoDays, Eatable Adventures’ Managing Partner, Mila Valcárcel, brought up a relevant topic: the geopolitical changes (and the consequent scarcity of food or raw materials) that will act as accelerators of changes in the agri-food value chain with the incorporation of new technologies.

These changeovers are led by technologies such as robotics, fermentation, bioprinting, artificial intelligence, IoT, new ingredients, cellular technology, or innovations in packaging. “We like to talk about Spain as a FoodTech Nation, a country that is much more than gastronomy and a world power in the agri-food field,” Valcárcel detailed. In fact, 10% of the national GDP depends on these sectors.

 

Startups, the main drivers of the industry

More than 30,000 companies are engaged in agri-food in Spain. “The great challenge for the industry is digitization, technology must reach the whole system. We also need more innovative and sustainable value chains, as is the case in other sectors”. Despite everything, the Spanish FoodTech and AgroTech environments have gained dynamism at full speed, as evidenced by the 700 million in investment attracted by agri-food last year, almost triple compared to 2020.

In this ecosystem, startups are clearly in focus, they are companies that are developing and generating interesting movements at different levels. As for Madrid, there are 407 startups operating in the region, representing 25.29 % of the national total. “They are companies that touch the entire value chain, from production to logistics. Madrid can be the Silicon Valley of food, the key is to work together to achieve it,” assured Mila Valcárcel.

 

Madrid, the Silicon Valley of food

Madrid should have a global ambition regarding its positioning on the FoodTech board. “We should take advantage to change what doesn’t work. For example, technology transfer is fundamental but very complex in Spain. We must mix technology and science to generate ambitious startups capable of solving global challenges.”

At a time when supply chains are breaking down and food autarky is on the rise, Spain has scientific teams, first-rate facilities, and a testing ground, such as Madrid Food Innovation Hub, where everything can be tested. “Let’s develop technology, intellectual property, and a solid business model around food,” said Valcárcel.

 

Educating the consumer

Meanwhile, we need to educate consumers so that they are aware of and able to exploit the disruption.  “For starters, FoodTech will allow us to make food accessible to everyone. This doesn’t mean we’re going to stop having traditional livestock or crops. It means there will be many other ways of doing things in the face of a world population that is growing and demanding functional foods, proteins…”

“It is important to work with the citizen on issues of perception and valuation. Countries like Singapore do a great job of dissemination. In this way, the consumer understands that there is nothing wrong with consuming laboratory meat or lettuce harvested in a vertical garden”.

During its first day, InnoDays aimed to highlight the needs of the entrepreneurial ecosystem and generate synergies between it. Watch the recorded session here.

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Baking the Future closes successfully its first edition and opens its doors to new startups with revolutionary ideas

The first edition of our acceleration program Baking the Future, came to an end yesterday with the celebration of the “Demo Day”, a virtual event that aimed to present the projects of the three accelerated startups and communicate the opening of a second edition.

Innovation is part of our DNA. The company itself was born from an idea that revolutionized the bakery sector and since then, Europastry has always sought to be at the forefront of the sector, anticipating new trends and offering its
customers the most disruptive products. “If you stop innovating you end up losing competitiveness and capacity for growth. That is why it is very important to keep reinventing yourself and never think that what you have is for life“, said Jordi Gallés.

The Baking the Future acceleration program plays a very important role in this constant renewal. Startups help us to innovate and open up new opportunities that allow us to take our products to the next dimension, while at the same time we provide them with all of Europastry’s muscle so that they can grow and develop their projects with the greatest possible resources.

Baking the Future

“CEREAL DEMO DAY”

The celebration of the “Demo Day” took place at Cereal, Europastry’s Innovation Center, where the first idea was born and where today we continue to work with great passion to bring to market the best products in the sector. To conclude the first edition of the Baking the Future program, the three accelerated startups presented their projects whose drivers are sustainability and health:

Agrain

  • The Chilean startup Done Properly with its cutting-edge technology which, through a bioprocess of fermentations, manages to reduce the amount of salt enhancing the natural flavors of food.
  • The Danish startup Agrain with its new way of producing food by recycling grains used in the brewing industry.
  • Spanish startup Bread Free, is the world’s first company capable of creating gluten-free wheat flour to make bread, pasta, and other bakery products.

 

BAKING THE FUTURE OPENS A NEW SELECTION PROCESS

Building an open innovation model for Europastry is the goal of the Baking the Future program. For this reason, we are opening a new selection process for Those startups that want to revolutionize the bakery sector with projects related to sustainability, improving the consumer experience, health, and food solutions and technologies aimed at improving production without losing sight of the quality of the products.

Starting today, those interested in being part of the project can apply on the Baking the Future website. Selected startups will have access to all the company’s resources – from mentoring sessions, workspace, and access to Cereal’s state-of-the-art technology labs to business plan design – to develop their products and test their viability in the market.

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Meet the EAA Alumni: MOA Foodtech

MOA Foodtech is a Spanish startup that combines biotechnology and artificial intelligence to transform waste and by-products from the agri-food industry into a 100% sustainable ‘‘new generation protein” of high nutritional value.  Their goal is to implement new technologies that promote a fairer, more compassionate, and more sustainable food system while still being appealing to consumers.

We had the opportunity to interview Bosco Emparanza García, CEO and founder of MOA Foodtech, one year after going through our Accelerator Program. Discover what this meant to them, the advice he still retains, and how he sees MOA Foodtech in the future.

 

How did the idea of founding a company as MOA Foodtech arise? What is the main goal of the company?

The world is currently in a critical environmental situation. By 2050, agriculture will need to feed 40% more people, produce 70% more food, using only 10% more land.
The whole MOA team was concerned about the situation and the huge impact the agri-food industry has. For this reason, the three founding partners, Susana, José María, and I, made this decision to leave our jobs as scientific directors in a biopharmaceutical, M&A, and commercial company, respectively. As a step towards developing a sustainable agriculture-food model, we set out to investigate the following: Can we use waste and by-products from the agri-food industry to produce high-value food using biotechnology?

 

What were the benefits of working with Eatable Adventures in your first steps until the business was consolidated?

The beginning of our journey was a time of uncertainty. That same year was the confinement, and we found ourselves leaving our jobs. At that point, the Eatable Adventures team came on board; they believed in the project and shared our ambition. The solution we wanted had to be global, and thanks to Eatable’s way of working and networking, we were able to start a global project. As time passed, the most rewarding and intense hours of the week were our meetings with Mila and José Luis, when we wrote down our plans to overcome the next hurdle, and we did.

 

What is the most valuable piece of advice José Luis has given you in our Acceleration Program?

Having spent so many hours working together, it is impossible to choose just one. But without a doubt, there have been two in particular that made us change our approach and begin to see things more clearly.

The first, and undoubtedly essential, was that we had to seek international investment. This was the best way to position ourselves as a credible project and thus begin to grow.
And the second was to consider what we really were. Instead of thinking, we were just a protein manufacturer, we had to think of ourselves as a platform.

 

What is in the near future for MOA Foodtech and where do you aspire to go in the long term?

Our goal is to be a global project, so we are scaling the technology to an industrial level and developing solutions focusing on the Asian (where protein consumption will grow the most), European and American markets. In addition, we are working on applications not only in meat analogs but also in snacks and dairy analogs. We are also developing new processes utilizing by-products and residues, and perhaps most importantly, we’ve developed an artificial intelligence tool that helps us develop all of the above more efficiently and quickly.

Check out our other Alumni Interviews here.

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