Bioscience startup Protera has raised $10 million in its Series A funding round. The round was led by Sofinnova Partners, with participation from Bimbo Group and ICL Planet.
Protein Industries Canada Launches $10M Fund to Increase Use of AI in Plant-Based Food Sector
Protein Industries Canada (PIC) announces it is offering $10M CAD for food tech projects that use artificial intelligence to improve plant-based food production. The funds are aimed at accelerating the commercialization of new foods and ingredients while making Canada’s plant-based sector more efficient and sustainable. According to PIC, an industry-led nonprofit organization, AI has the potential to transform how food ingredient processors and manufacturers operate, especially by increasing the speed of recipe and ingredient formulation. AI also has a strong potential to improve food safety and quality assurance, says PIC. Wide scope of projects From now until March 31, 2026, PIC plans to invest $30 million into AI projects that wil benefit the plant-based and agrifood sectors. The amount invested in each project will depend on …