NEW TECH FOODS

Pascual Innoventures has invested more than $2 million across the first three editions of Mylkcubator.

Mylkcubator is a programme focused on fostering innovation projects in the food sector.

Gabriel Torres Pascual, CEO of Pascual Innoventures, said: “The Mylkcubator food-tech ecosystem has already generated a total value of $305 million and raised $104.5 million in investment, underscoring the success and global significance of the programme, which we have launched in collaboration with food-tech accelerator Eatable Adventures.”

He continued: “Our goal is to continue identifying and supporting innovative companies that can offer sustainable solutions to the current challenges in the food sector, while strengthening an ecosystem poised to lead the next generation of food technologies".

The third edition of the programme broadens its scope from milk to include egg components, coffee, fat and cocoa, employing alternative approaches that combine various technologies and ingredients. It also focuses on the development of sodium and sweetener substitutes as technological enablers, as well as functional ingredients.

The five start-ups selected in the next edition are:

🧫 Cultzyme, a Spanish start-up that focuses on cutting-edge bioprocesses, driving advancements in cell growth and fermentation. Its efficient bioreactors integrate hardware for optimised performance.

☕ California Cultured, a US-based start-up that is developing plant cell cultivation technologies to create a new, more scalable and sustainable supply of chocolate and coffee for the planet.

🥚 Onego Bio, a US-Finnish company that specialises in producing an egg white alternative through precision fermentation.

🍄 Nosh.bio, a German company, specialises in the production of new functional and nutritional proteins derived from the fermentation of natural mushroom biomass.

🍄 Innomy, a Spanish-Argentinian company that develops global solutions for the food industry using sustainable biotechnological processes based on mushroom mycelium, while upcycling by-products from various industries as raw materials.

Itziar Ortega, senior VP of global operations at Eatable Adventures, added: "[This edition] reaffirms the significant impact of this program on the global food-tech ecosystem. Through its investments, Pascual Innoventures exemplifies the industry’s strong commitment to open innovation models that successfully address major challenges in the food sector. At Eatable Adventures, we are proud to drive these collaborations, promoting the adoption of new technologies and facilitating a sustainable and efficient transition towards a more innovative food system."

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