Tag Archives: FUMI Ingredients

F&A Next Presents ‘Eight Next Heroes In Food- & AgTech 2020’

F&A Next 'Next Heroes in Food- and Agtech 2020'

For the fifth year in a row StartLife is one of the leading organizers of the international agrifood event F&A Next.  Together with Foodbytes! by Rabobank eight most promising startups have been selected as this years’ ‘Next Heroes in Food- & AgTech’. On May 13, they will pitch their innovations during a (free) live webinar of F&A Next to an international audience of agrifood investors, corporates, media and fellow entrepreneurs.

The eight startups were selected from a record number of applications. The applications came from 29 countries, from Sweden to Australia and from Hong Kong to the United States. Most solutions were in machine learning (28%), artificial intelligence (25%) and digital platforms (23%).

Next Heroes in FoodTech 2020

The following four startups have been selected as the F&A Next ‘Next Heroes in FoodTech 2020’. Join the live webinar to view their pitches.

 |  FUMI Ingredients (The Netherlands) : Develops functional food ingredients from microorganisms. The novel animal-free ingredients work as egg replacers and have no allergens. The production process allows a carbon footprint reduction of over 90% compared to conventional egg-white production.
 |  Connecting Food (France) : Tracks and digitally audits food products in real-time from farm to fork. The blockchain solution maps food supply chains and improve internal traceability. They also help brands and retailers improve their external transparency via a QR code & storytelling.
 |  COGZ (UK) : Offers a B2B online marketplace for food & beverage manufacturers and processors to buy surplus produce directly from farmers and growers. COGZ’s technology saves time, increases profitability and prevents food waste in primary production.
 |  Verdify (The Netherlands) : Enables companies active in the food domain to personalize their recipes for individual customers, supporting prevention and treatment of chronic diseases. Their digital platform fully personalizes meal recipes according to guideline-based medical diets, biomarkers and individual preferences.

Next Heroes in AgTech 2020

The following four startups have been selected as the F&A Next ‘Next Heroes in AgTech 2020’. Join the live webinar to view their pitches.

 |  Evologic Technologies (Austria) : Produces microbial bioactives (biostimulants and biopesticides) for seed distributors, thanks to its proprietary production platform technology. This allows distributors sell an upgraded product to farmers.
 |  Pebble Labs (USA) : Develops solutions to safely and sustainably increase natural crop yield and food security. Its mission is to develop breakthrough disruptive technologies that address the greatest agricultural, aquaculture, and environmental challenges facing the globe.
 |  FarmRaise (USA) : Unlocks public and private funding for farmers through cataloguing each grower’s unique options and simplifying the funding application process. FarmRaise makes it easy for farmers to invest in their operations today and steward their assets for future generations.
 |  Edete (Israel) : Offers a high-efficiency artificial pollination service solution for companies and growers. By reducing the deficiencies of erratic and dwindling insect-based pollination, Edete’s controlled and manageable solution has been proven to increase the yield of almond orchards.

Impact of the Coronavirus on the agrifood industry

F&A Next normally is a 2-day in-person event taking place in Wageningen (NL). Due to the Coronavirus pandemic the event is going digital, offering a live webinar on May 13th for free. For obvious reasons the impact of the Coronavirus on the agrifood industry has become a main theme. Top executives and opinion leaders discuss the impact of the Coronavirus crisis on business and consumer behavior. A panel of global investors will openly discuss if and how the current crisis affects investment decisions. And the above eight startups will pitch their innovations.

Join F&A Next Live Webinar for free

Registration is open to agrifood investors, corporates, media and fellow startups. Check the full webinar program here.

RESERVE YOUR FRONT ROW SEAT FOR F&A NEXT LIVE WEBINAR

 

p.s. You can also follow StartLife on LinkedinTwitter or stay up to date with the latest news about and for agrifood startups, scaleups and more via the StartLife newsletter.

FUMI Ingredients Receives Investment of Half a Million Euro for Natural Egg White Replacers

Producers of meat alternatives all over the world have long been seeking for a break-through solution that allows them to exchange egg whites for a plant-based substitute, making their products 100% vegan. FUMI Ingredients, a Wageningen University & Research spin-off, has found an alternative that is natural and at the same time more cost effective than regular egg whites. Innovation Industries and SHIFT Invest are the first to invest €500,000, which enables the company to produce their vegan proteins on a larger scale.

With consumers becoming increasingly aware of their diets and the environmental impact of the foods they consume, the market for vegetarian and vegan foods is growing rapidly. A major challenge for food producers is to find an alternative for using egg whites, an animal-based ingredient, to bind ‘meat’ together. It is the final hurdle to turn plant-based meat alternatives into 100% vegan products. FUMI Ingredients may have struck gold by finding a solution that they claim is the most sustainable and economical way to produce vegan protein to date. Not surprisingly some of the world’s largest food producers have already shown their interest to the company.

Natural egg white replacers at lower costs

During his PhD study at the Bioprocess Engineering group of Wageningen University & Research (WUR), co-founder Edgar Suarez Garcia developed a process for an egg white replacer made from natural micro-organisms. After obtaining his doctorate Edgar also managed to design a proprietary and scalable production process that can beat regular egg white prices at industrial scale. A natural egg white replacer at lower production costs make the solution a double win. Considering that egg whites have a global market size of $30 billion, a cost-effective and more sustainable alternative represents a lucrative business opportunity.

Turning research into a game changing business

Both Edgar and his (former) PhD supervisor Corjan van den Berg immediately recognized the market potential and decided to investigate how to turn the research into a viable business. They founded FUMI Ingredients and with the support of WUR and startup accelerator StartLife, Edgar and Corjan further developed their company. “As academic researchers we had limited knowledge on how to set up a company. WUR and StartLife gave us all the support and resources we needed to successfully start our company and helped prepare us for raising funds.”, Corjan says.

Sebastiaan Berendse, corporate director value creation of WUR credits the Bioprocess Engineering research group and AlgaePARC led by professor Rene Wijffels for supporting FUMI Ingredients on its route towards implementation and global impact. The research group presently hosts the company at AlgaePARC where Edgar and Corjan can further develop their product.

Ready to hit the market

FUMI Ingredients will use the raised capital to realize their scale-up ambitions and to accelerate their market entry. Both SHIFT Invest and Innovation Industries look forward to helping the company take the next steps in commercializing their ingredients and growing their organization, as underlined by Sander Verbrugge, Investment Director of Innovation Industries and Bram Ledeboer, partner at SHIFT Invest.

FUMI Ingredients welcomes the support of the two investors wholeheartedly. Corjan says: “The combination of SHIFT Invest and Innovation Industries turned out be an excellent match. Aside from their financial support the two investing partners clearly demonstrated that they share our enthusiasm for FUMI Ingredients. We are confident about achieving sustainable growth together and make a lasting impact.

 

StartLife Alumni Updates – December 2019

Greats news about alumni and community members of StartLife,

1) Zero FoodWaste First to Raise Revenue-based Capital

alumnus of StartLife’s Fall 2018 cohort


Photo: Non-Dilutive Capital

Zero FoodWaste, developers of the world’s first fully automated food waste monitor, is the first startup in the Netherlands to raise funding from an investor on revenue-based terms, rather than shares. Non-Dilutive Capital invested €250,000 in return for a future share in revenues. Read the full article on Sprout (in Dutch).

2) Sundew Receives €780,000 Grant of Danish Government

alumnus of StartLife’s Fall 2019 cohort

They only just finished the accelerate program at StartLife when the Danish aqua biologicals startup Sundew was awarded a grant of €780,000 from the Danish Government. One of the reasons for Sundew to join StartLife was to prepare themselves to raise its first funding. Mission accomplished!

3) FUMI Ingredients Reaches Innovation Award Hattrick

alumnus of StartLife’s Spring 2019 cohort

FUMI Ingredients, producer-to-be of egg-white replacer made from natural micro-organisms, is gaining lots of news momentum by collecting several innovation awards. Last September they won the Rabobank Sustainable Innovation Award 2019. This month they became award winner of the category ‘Most Innovative Alternative Food or Beverage Ingredient Award’ at the FI Global Startup Innovation Challenge 2019, as well as the overall winner of the ‘EIT Food Prize’. As 2019 is just their starting up year, co-founders Edgar Suarez and Corjan van den Berg are already looking forward to 2020.

4) Van Boven Raises €400,000 Proof-Of-Concept Funding

member of StartLife community since 2019

Van Boven has raised their first investment deal of €400,000 from regional development company Horizon. Van Boven collects crop data in the field with drones and uses smart algorithms to monitor each individual plant, head and crop in order to forecast the size of the harvest and optimum moment of harvesting. The investment is to aid in delivering proof-of-concept of their software. Read the full press release on the website of Horizon (Dutch only).