Millow

Millow has secured a €2.4 million grant from the European Innovation Council (EIC) Accelerator.

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Company News

Millow Awarded €2.4M EU Grant to Scale Whole Food Mycelium-Oat Meat Alternatives

Swedish startup Millow has secured a €2.4 million grant from the European Innovation Council (EIC) Accelerator and the SMEs Executive Agency (EISMEA) to scale production at its pilot facility in Gothenburg. According to the announcement, the grant from EISMEA unlocks an opportunity for Millow to receive up to €15 million in equity funding from the European Investment Bank, contingent on the startup securing additional investments from private investors. Millow is championing meat alternatives that emphasise health and whole food ingredients. Its products, made with 50% mycelium and 50% Swedish oats, are said to be high in protein, easily digestible, and free from artificial ingredients, GMOs, binders, and additives. Esmaeil Taherzadeh, co-founder and executive board member of the company, informs vegconomist that the startup has already co-developed …

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Quorn

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Studies & Numbers

Swedish Researchers Find Consumers Choose Fungi-Based Food for Sustainability and Well-Being Benefits

Swedish researchers conducted a study to examine whether consumers select fungi-based food due to its sustainability advantages. The findings show that engaging with fungi-based food is perceived to contribute to sustainability and is thought to promote glocal (a portmanteau of global and local) well-being. The study argues that as the consumption of fungi-based food continues to grow in popularity, it is essential to understand whether consumers align their choices with personal values related to sustainability. Awareness and knowledge of the benefits of fungi and plant-based food are vital to encourage consumers and influence their food choices, which can contribute to global social, economic, and environmental sustainability, explain the authors.  The research has been funded by the Swedish Agency for Economic and Regional Growth and the …

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Millow woman eating

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Fungi, Mushrooms & Mycelium

Introducing Millow: “The Purest Meat Analog Ever” Made of Mycelium and Oats

Sweden’s Millow is an alt meat company leveraging the power of mycelium and the nutritional profile of oats to produce a clean-label and versatile meat analog that can be fried, baked, barbequed, or roasted. “The purest analog ever”, “Nothing artificial, non-MO, zero binders, pure wholefood, easily digestible, high protein, high fibre, low water usage, land responsible, cruelty-free,” says Millow on its website. Based in Gothenburg, the company uses a revolutionary in-house biotechnology called MUTE — Mycelium Utilized Texture Engineering — developed by Professor Mohammad Taherzadeh, who has been researching mycelium as a potentially sustainable and nutritious functional food for more than 25 years. A new category of meat alternatives? Millow’s proprietary process differs from solid-state, submerged, or biomass fermentation. Instead, the company’s tech is based on …

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