Wednesday, February 1, 2023
HomeDairyPascual Innoventures invests in De Novo Dairy and Zero Cow Manufacturing facility,...

Pascual Innoventures invests in De Novo Dairy and Zero Cow Manufacturing facility, reveals Mylkcubator 2.0 cohort



South Africa’s De Novo Dairy and India’s Zero Cow Manufacturing facility have obtained round €1m (US$1.02m) from Pascual Innoventures, changing into the primary funding recipients of this system designed to foster innovation in mobile agriculture in dairy.

The 2 startups produce animal-free dairy proteins, with De Novo Dairy specializing in lactoferrin produced by means of precision fermentation, and Zero Cow Manufacturing facility – in casein. The opposite two corporations that featured in Mylkcubator 1.0 have been Barcelona-based Actual Deal Milk – a precision-fermentation specialist that produces whey and casein; and Pure Mammary Elements, Inc., which produces cell-cultured milks.

This system is run in partnership with startup accelerator, Eatable Adventures. Pascual Innoventures says cell agriculture and precision fermentation are ‘beginning to reveal industrial viability’, with startups valued at greater than US$5.3m in line with Dealroom information.

Mylkcubator 2.0 – from precision proteins to molecular farming

A brand new cohort of startups has been introduced for the second version of this system, which has been expanded to incorporate molecular farming initiatives, i.e. such that produce proteins utilizing plant cells as an alternative of animal ones. Corporations from Argentina to Israel are collaborating.

They’re: Portugal’s PFx Biotech, which develops human milk proteins to be used as different protein components in pediatric and superior diet; the Netherlands’ Miruku, a molecular farming specialist that leverages plant cells to provide proteins and fat; Israeli biofunctional components specialist Maolac; ERGO Bioscience, an Argentine startup, which expresses myoglobin and casein from carrot cells cultures, and Nutropy, a French firm that produces dairy components by ‘feeding’ yeast with sugars, minerals, and nutritional vitamins.

Explaining how a lot funding the 5 startups will vie for, Gabriel Torres, director of Pascual Innoventures, instructed DairyReporter: “This will likely be assessed after finding out the feasibility of the initiatives in addition to the maturity level of each the businesses and the applied sciences on which the startups are working.

“We’re continuously exploring new initiatives and avenues of collaboration with rising gamers that may add worth for the way forward for meals within the dairy phase. We’ll due to this fact proceed to drive new initiatives and investments sooner or later.”

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