New School Foods

New School Foods salmon

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Investments & Finance

New School Foods Lands $6M from IKEA and Global Investors, Opens Facility to Scale Plant-Based Salmon

New School Foods has announced the completion of an additional $6 million in seed funding, bringing the company’s total raised capital to $18 million. This latest funding round includes investments from global entities such as Inter IKEA Group, Good Startup, NewTree Capital, and Hatch. IKEA, which generates $2.5 billion in annual food sales, with seafood being its second-largest category after meatballs, has set ambitious plant-based targets for its restaurants. By 2025, IKEA aims to ensure that 50% of its main meals offered in restaurants are plant-based, 80% are non-red meat, and 80% of all packaged food is plant-based. Additionally, the company seeks to have 80% of its main meals adhere to the IKEA Balanced Meal norm for healthier options. Commenting on the investment, Robert Carleke, …

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Matthew Kenney © Instagram
People

New School Foods Enlists Chef Matthew Kenney for Plant-Based Salmon Fillet Launch

Plant-based seafood innovator, New School Foods, has welcomed Chef Matthew Kenney as a member of its Culinary Council. The council, an exclusive group of chefs and restaurateurs, will collaborate with New School Foods as the company prepares for the commercial launch of its plant-based salmon fillet later this year. Based in Toronto, Canada, New School Foods specializes in developing whole-cut, plant-based seafood that replicates conventional seafood’s texture, taste, nutritional benefits, and cooking experience. The collaboration aims to gather insights from established culinary experts to guide the final development of whole-muscle meat alternatives and support the growth of New School Foods’ network of restaurants. Chef Kenney, an American celebrity chef and the founder of Ascention, a plant-based IP holding company, will contribute by creating new recipes …

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Protein Industries Canada salmon announcement

globenewswire / Protein Industries Canada
Protein

$11.4M Investment Set to Revolutionize Canadian Market With “Category First” Whole Muscle Salmon

Protein Industries Canada announces a significant investment in the advancement of novel food options for Canadian consumers, marking the inaugural project investment within its second mandate. The initiative will combine the expertize of New School Foods, Liven Proteins, and NuWave Research to commercialize a plant-based whole-muscle salmon product, and notably, the announcement shortly follows the formation of the world’s first alternative seafood association, Future Ocean Foods. The three companies will work together to bring to market a whole-muscle cut of plant-based salmon “that transforms from raw to cooked” (no further information is given as to the manner of the “transformation”). Described as a category first, the media release states that the salmon product will offer the same taste and texture as conventional salmon. A trio …

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Plant-based Salmon Filet

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Startups, Accelerators & Incubators

From Honey Bee Conservation to Plant-Based Salmon: Natural Products Canada Awards $1M to Bio-Based Companies

Natural Products Canada (NPC) announces it has awarded over CAD $1M in grants to ten Canadian companies creating bio-based innovations. Representing a range of startups and universities, the innovators are creating solutions that address everything from saving honey bee colonies and upcycling industrial waste to making plant-based salmon, natural food additives and non-toxic cleaning supplies. To receive funding, which was administered through NPC’s Commercialization Programs, each applicant had to provide “a compelling case” for their innovation and detail the challenge the program funds would address. “We continue to be inspired by the innovators we work with on a daily basis,” says Shelley King, CEO of Natural Products Canada. “The solutions have the potential to address challenges as diverse as protecting our bee populations to ensure our farmers …

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Plant-based Salmon Filet

©New School Foods
Investments & Finance

Canada’s New School Foods Raises $12M to Scale Whole-Cut, Raw Plant-Based Salmon

Plant-based seafood producer New School Foods announces it has raised $12M in seed funding for its proprietary, scalable technology that can produce “raw” whole-cut fish alternatives. Beginning in 2023, the company will launch its whole-cut salmon through a chef-only pilot program in North America.  According to New School, the overall alt-protein industry has not yet fully tackled its greatest opportunity: whole cuts, which represent a majority of meat sales in North America. New School notes that whole cuts involve many complex structural challenges such as texture, connective tissue, muscle fibers, and other macrostructures that exist in animal proteins.  To resolve this, New School Foods CEO Christopher Bryson invested heavily in academic R&D projects for three years with leading food science universities. Through his work, Bryson …

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