Focus on transforming agri materials into functional ingredients
Myco Technology, Inc a food technology company was selected as the winner of the Radicle Protein Challenge by Syngenta for their novel, organic food processing platform that transforms agricultural material into functional ingredients. BlueNalu Inc, an innovative food company making a variety of seafood products directly from fish cells was selected as the runner-up for its solution to secure a sustainable protein source that addresses supply chain issues through cell-based seafood products made directly from the cells of fish.
Myco Technology, Inc secured a $1m investment from the win while BlueNalu Challenge won $250k investment and were chosen from 150 impressive applicants from across the globe.
“All of us at MycoTechnology are thrilled to be the winner of the Radicle Protein Challenge by Syngenta,” said Alan Hahn, CEO of MycoTechnology. “ I believe that our unique mushroom fermentation platform, combined with Syngenta’s global scale and expertise, will allow us to play a pivotal role in helping to feed an exponentially growing population.”
In addition to securing new funding, MycoTechnology, Inc. and BlueNalu, Inc. will benefit from access to Radicle and Sngenta’s broad agriculture expertise and technology.
Speaking on the opportunity, Erik Fyrwald, CEO, Syngenta Group said, “The demand for protein is rising and as a result the need for new protein technologies is increasing.”
