Proeon

Planet B.io

© Planet B.io
Egg Alternatives

South Holland Invests €1 Million to Develop Plant-Based Egg Alternative

The EGGcellent project, focused on developing a sustainable vegan alternative to chicken eggs for the bakery industry, has received €1 million in funding from the Province of South Holland. The subsidy was presented on April 11 at Planet B.io in Delft by Meindert Stolk, the Regional Minister for Economy and Innovation. The project is a collaboration between Vivici, Proeon, Applikon, and Planet B.io. The funding is part of the “Kansen voor West III” program, supported by the European Regional Development Fund (ERDF). EGGcellent addresses the rising demand for alternatives to chicken egg protein, driven by increasing prices, supply chain disruptions, and environmental and animal welfare concerns. Meeting the need for egg alternatives Global demand for egg alternatives has risen due to economic and ethical factors. …

more

India's Proeon

© Proeon
Facts & Figures

India’s Proeon Named a Technology Pioneer by the World Economic Forum

India’s Proeon has made it onto the World Economic Forum’s list of the 100 most innovative Technology Pioneers of 2022. The plant-based protein startup was recognised for its contribution to sustainability in the food system. Proeon is working to develop plant protein ingredients with excellent nutritional, sensory, and functional properties. The company aims to save more than 170 billion litres of water and 150 megatonnes of carbon emissions by replacing animal ingredients with plants. Founded in 2018 by Ashish Korde and Kevin Parekh, Proeon is currently working with mung bean, chickpea, hemp, and amaranth proteins. Last September, the company raised $2.4 million in its seed round, saying it would use the funding to establish a research lab in the Netherlands. Alt-protein Technology Pioneers Proeon is …

more

Goodmylk

©Goodmylk
Investments & Finance

Goodmylk and Proeon Leading the Plant-Based Revolution in India 

Two leading Indian alt protein startups have completed successful seed funding rounds, as the plant-based movement gathers pace in the world’s second-largest country. Indian alt dairy producer Goodmylk has raised $1 million in an extension of its seed round, while plant protein innovator Proeon has raised $2.4 million in seed funding.  “India’s agricultural heritage and biodiversity offers tremendous potential to satisfy skyrocketing global demand for plant protein” Seeing participation from major Indian and international angels and firms, Goodmylk’s $1 million fundraise comes after rapid growth and expansion into new cities such as Mumbai, Hyderabad, Delhi, and Chennai, as well as strengthening operations in Bengaluru. The fresh funds will be put towards a product portfolio expansion and increased distribution. The brand’s stated aim is to make …

more