Latest News in the food Industry

Innovation and R&D

EU invests €20m into sugar beet biorefinery for carbon neutral organic acids

EU invests €20m into sugar beet biorefinery for carbon neutral organic acids

8 Jul 2020

To reduce its reliance on petroleum-based chemicals in the food and agricultural industries, the European Commission and the public-private Bio Based Industry Joint Undertaking (BBI JU) are investing €20 million in the construction of a sugar beet bior...

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Australian firm focuses on anti-counterfeit technology to combat fraud in the wine industry

Australian firm focuses on anti-counterfeit technology to combat fraud in the wine industry

7 Jul 2020

EBottli recently launched in Australia with the goal of protecting the country’s wine exports from counterfeits that are prevalent in Asia. In China alone, potential losses to counterfeit wine are anticipated to reach $3 trillion by 2022. Australian wi...

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Chilean biotech firm Protera moves to Paris, closes $5.6M in Series A funding

Chilean biotech firm Protera moves to Paris, closes $5.6M in Series A funding

6 Jul 2020

The AI-driven bioscience startup Protera closed a $5.6 million round of funding on June 10, that was led by Sofinnova Partners, a European life sciences venture capital firm. There was also participation from an existing venture capital investor, SOSV.

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Five-month-old Indonesian startup raises $10.5M

Five-month-old Indonesian startup raises $10.5M

30 Jun 2020

After five months in business, the Indonesian e-commerce startup Ula has raised $10.5 million in a round led by Sequoia India and Lightspeed India. Additional participation was offered by SMDV, Quona Capital, Saison Capital and Alter Global.

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Bühler Group partners with Big Idea Ventures to accelerate plant-based meat alternatives

Bühler Group partners with Big Idea Ventures to accelerate plant-based meat alternatives

24 Jun 2020

The 160-year-old Swiss equipment manufacturer Bühler Group has inked a new partnership deal with the alternative protein accelerator and venture capital firm Big Idea Ventures to invest in the firm’s mission to create sustainable, plant-based alternati...

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Impossible Burger launches a direct to consumer platform

Impossible Burger launches a direct to consumer platform

13 Jun 2020

Impossible Foods is now available with the click of a button from its new e-commerce platform launched this month. This direct-to-consumer option allows consumers to purchase four different bulk burger package options that will be delivered within 48 h...

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Apeel Sciences on track to save 20 million pieces of fruit from food waste

Apeel Sciences on track to save 20 million pieces of fruit from food waste

9 Jun 2020

At the end of May, Apeel Sciences raised $250 million dollars in new financing, bringing the startup’s total funding to more than $1 billion. This infusion of funds will be put toward the company’s mission of food waste prevention, an area in which it ...

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Malaysian firm develops package-less packaging

Malaysian firm develops package-less packaging

26 May 2020

A group of Malaysian Ph.D. students won the Institution of Engineering and Technology (IET) Save our Seas global engineering challenge with their new bagless approach to food packaging called the PICAS block. The competition is hosted in partnership wi...

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U.S. online grocery sales surge 37% in April

U.S. online grocery sales surge 37% in April

21 May 2020

April was another record-breaking month for online grocery sales with shoppers surpassing March’s record-breaking $4 billion in sales to spend $5.3 billion for grocery delivery and pickup. This is a 37% increase over March, according to data from Brick...

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Hong Kong compostable food packaging startup lands $6 million funding round

Hong Kong compostable food packaging startup lands $6 million funding round

18 May 2020

Hong Kong startup Ecoinno received US$6 million in Series A funding from the Alibaba Entrepreneurs Fund to help stand up its manufacturing facilities as well as increase its overall production of its biodegradable packaging. This is the startup’s secon...

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Female scholarships make a splash this spring

Female scholarships make a splash this spring

15 May 2020

Historically, females are underrepresented in the Consumer Packaged Goods and aquaculture industries - two areas where investment and growth is gaining steady momentum. To remedy that gap in representation, several companies are working to provide fema...

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Perfect Day’s animal-free dairy protein earns Generally Recognized as Safe (GRAS) status

Perfect Day’s animal-free dairy protein earns Generally Recognized as Safe (GRAS) status

13 May 2020

The U.S. Food and Drug Administration (FDA) issued a “no objections” letter for the animal-free dairy company Perfect Day’s β-lactoglobulin protein. The letter certifies that the protein has attained Generally Recognized as Safe (GRAS) status.

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