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Compagnies and key players

Alt Protein Startups MycoTechnology & BlueNalu Take Home Top Prizes In Radicle Protein Challenge

MycoTechnology and BlueNalu have been named winner and runner-up of the Radicle Protein Challenge by Syngenta, bagging home US$1 million and US$250,000 in investment respectively. The challenge was launched by California-based VC Radicle Growth and ChemChina-owned Swiss agri-tech Syngenta Group to search for food techs who are transforming the future of protein. Competing against more than 150 applicants globally, MycoTechnology, a Colorado-based food tech developing a mushroom fermentation platform was selected as the winner of the first prize with US$1 million in investment. It comes on the heels of its impressive US$39 million Series D funding round, which was backed by big names including Greenleaf Foods, Tyson Ventures and Kellogg-owned Eighteen94 Capital.

Source: Alt Protein Startups MycoTechnology & BlueNalu Take Home Top Prizes In Radicle Protein Challenge

Categories
Market

The next challenge for plant-based meat: Winning the price war against animal meat

Having won the first battle — getting consumers interested enough to try plant-based foods, and investors interested enough to fund them — plant-based meat companies are setting their sights on a bigger challenge: getting plant-based meat products as cheap as animal meat products are. The plant-based meat industry has to be bigger to compete with animal products on price — and competing on price is a key component of getting bigger as an industry.

Source: The next challenge for plant-based meat: Winning the price war against animal meat – Vox