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Innovative Startups in the Food Industry
Food and Nutrition
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Demand for nutritious ingredients, product transparency, and ecologically responsible sourcing dominates the food industry, significantly impacting product development. Innovations in the food industry have prompted entrepreneurs to reduce and reformulate products, nutrition and wellness, and long-term value networks.
Advancement in the food industry helps increase food production, sustainable packaging, artificial intelligence, and the internet of things (IoT).
Demand for innovation in the food industry
The need for new innovative technologies to accelerate innovation is significant to overcoming various global climate change crises, food insecurity, and pandemics. Food industry players are carriers of revolutionary information and communication technologies (ICT) solutions for traditional players that focus on plant-based proteins, technologies, and packaging.
Disruptive startups
Notable startups with advanced innovative solutions applied across the value chain of the food industry are listed below:
Panda Packaging
Panda Packaging (UK) develops sustainable solutions – a reusable plastic-free range of sustainable products. Biomimicry technology to develop sustainable packaging technologies and its feature are:
- Use of bamboo and waste wood as the raw material
- Design and production of materials, structures, and systems modeled on biological entities and processes
The company can use natural materials for their product to replace every food service essentials. The product is ranging from cutlery to straws, cups to bottles, and Tupperware. The company estimates sales of over three million units in the next two years.
Cocuus
Cocuus (EU) uses 2D / 3D laser printing, bioprinting, and robotics to develop industrial solutions for developing plant or cellular-based animal protein analogs (mimetic food).
- The first steaks bio-printed in 3D from meat cells
- Cocuus System Iberica won the first prize in the II edition of the awards Ingenia Startup, which the Food organizes for Life-Spain platform in 2020
Cocuus uses robotics and 3D- printing to create and commercialize devices that can, for example, print a football crest or any other picture on beer froth. The company devised a technique for developing purees resembling meat or fish dishes.
Epogee
Epogee (US) produces the Esterifying propoxylated glycerin (EPG), an alternative fat with good taste, texture, performance, and flexibility. The company has patented the process for producing esterifying propoxylated glycerine.
- EPG is a modified plant-based oil that is free of GMOs and has only 0.7 calories/gram, compared to 9 calories/gram for conventional fat
- The only marketed ingredient that lowers fat calories by 92% without sacrificing taste, texture, or functionality
The company uses GMO-free rapeseed oil and splits the oil into its components: glycerin and fatty acids. The company uses propoxyl connector technology to re-link the fatty acid and glycerin with a food-grade propoxyl connector to create a substance that looks, feels, tastes, and cooks like fat.
Innomy
Innomy (EU) is a transformative company using mycelium and agricultural by-products to revolutionize the farming industry. The company produces fungi-based meat and develops filamentous fungus that resembles animal muscles.
- Fungi-based meat replicates muscle
- Has low environmental impact and providing nutritional benefits from mushrooms
- Fungal tissue growth technology requires minimal resources
- Allows to create of complex structures that mimic the fibrous and delicate nature of meat
Mycelial matrices’ are flexible filamentous structures modified to produce meat-like textures. The selected mushroom demonstrate antioxidant activities, immunomodulatory action, cholesterol-free, and are anti-carcinogenic.
Proppos
Proppos (EU) developed the Proppos Fastpay, an intelligent and autonomous self-checkout powered by computer vision and deep learning algorithms. Proppos FastPay uses artificial intelligence to recognize any goods without scanning, resulting in a super-fast purchasing experience at:
- Canteens
- Cafeterias
- Quick-service restaurants
Artificial intelligence eliminates the requirement for barcodes to identify the products effectively. The benefit of Proppos FastPay is improving customer satisfaction, optimize production, data, and user tracking, reduce operational cost, and total POS integration.
References
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