Periodic Reporting for period 2 - Mushlabs (Using biotechnology to create the next generation of sustainable foods from the roots of mushrooms)
Reporting period: 2023-11-01 to 2024-10-31
As demand for meat-substitutes is growing (€38.2 bn, 36% CAGR by 2025 - EY report), plant-based proteins are increasingly seen as a sustainable alternative. While more sustainable than meat, they still have a sizable environmental footprint (highly processed) and perpetuate the agricultural practices (monocropping, pesticides and fertilizers) of the meat industry. Moreover, there is still a disconnect in texture and taste profiles compared to meat.
Mushlabs is a biotech start-up on a mission to disrupt the global food system. We produce a new generation of sustainable products with the current focus on meat replacement. We leverage our patented liquid fermentation technology to grow mycelia, the ‘roots’ of mushrooms, feeding them sidestreams from the agri-food industry. This leads to a highly circular process that saves land, water, and CO2 emissions while at the same time providing a healthy diet.
For fermentation Infinite Roots tripled the biomass yield resulting in a cost reduction of over 60%.
Out of 4,000 people in a concept test for the whole-cut 81% rated positive for likeability, 83% for distinctiveness, 74% for necessity and 79% had a positive purchase intention.
Lastly, in the Data Science work package, microscale fermentation was successfully automated, reducing human operation by 50%.