The INTERNORGA 2020 taking place from 13th March in Hamburg, is one of the most prominent international trade fairs. This year’s INTERNORGA continues to focus on plant-based cuisine, while meatfree diet is and remains a highly topical issue in the out-of-home market and will play an even greater role in the future.
Hamburg: COLIPI Receives €1.8M in Seed Financing to Further Develop CO2-Neutral Oil
Thanks to an innovative fermentation process, COLIPI is achieving a breakthrough in more sustainable alternatives to petroleum and palm oil for a wide range of industrial sectors. Investors in the seed financing include the High-Tech Gründerfonds (HTGF), the Innovationsstarter Fonds Hamburg (IFH), Nidobirds Ventures GmbH and Stefan De Loecker. The capital will be used to expand the team, test the market together with partner-made products, and scale the technology. The startup, founded in 2022 by Philipp Arbeiter, Tyll Utesch, Jonas Heuer and Maximilian Weber, is a spin-off from the Technical University of Hamburg. The founders aim to produce millions of tons of climate oil per year from 2039 and displace this amount of CO2 severalfold. The seed financing that has now been completed is another …