NEW TECH FOODS

Spanish dairy company Pascual has launched what it claims is the first global incubation programme for cellular agriculture technologies in the dairy industry.

Mylkcubator will be run by the company’s new corporate venture unit, Pascual Innoventures, in partnership with Eatable Adventures – a global food tech accelerator which has launched more than 20 corporate programmes.

The goal is to select ten start-ups with innovative solutions in the cellular agriculture space for the dairy industry within the following technologies: cell-based, fermentation based and applied technologies.

The first edition of Mylkcubator will last six months, from selection to the demo day. The programme will give the participants access to mentors and Pascual’s R&D facilities to develop and test their products.

Pascual Innoventures aims to become an early stage investor, supporting start-ups that share the same purpose, while also thriving as a corporation by launching its own start-ups with the intentions of incorporating them into its future business operations.

The Good Food Institute (GFI) recently reported that a record $435 million was invested in alternative protein fermentation companies in the first seven months of 2020.

Gabriel Torres Pascual, director of Pascual Innova and third generation of the Pascual family, is leading the new unit together with Sejal Ravji, director of Pascual Innoventures.

Torres said: “…Pascual Innoventures was born with a long-term vision and the purpose of giving the best for the future of food. We will work hand in hand with start-ups that allow us to move into the future”.

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