Canadian Food Innovation Network Backs Student-Led Projects with $50K in Foodtech Funding
The Canadian Food Innovation Network (CFIN) has awarded a total of $49,982 to five student-led food technology ventures through its NextGen Food Innovators program. The funding supports early-stage food innovations that address key issues such as food safety, waste reduction, and sustainability in the Canadian food sector. The NextGen Food Innovators program is designed to support students developing food technologies that have clear commercial applications. The program helps advance innovations …
Nova Scotia Launches Large-Scale Bioinnovation Centre with Global Fermentation Capacity
Nova Scotia has opened a new bioinnovation facility in Dartmouth that is expected to play a central role in the development of Canada’s bioindustrial sector. The Neptune BioInnovation Centre, a 51,000-square-foot facility, is designed to support large-scale precision fermentation and spray drying, addressing commercial-scale needs in areas such as biotechnology, agriculture, and alternative proteins. The provincial government has allocated $5 million to convert the facility into a multi-user space equipped …
n!Biomachines and Siemens Focus on Simplifying Biomanufacturing for Alternative Proteins
At the ongoing Hannover Messe, The Cultivated B and Siemens have teamed up to present advancements in biomanufacturing for the alternative protein sector. The companies are showcasing their AUXO V® bioreactor, a key technology aimed at scaling alternative protein production through economically sustainable methods. n!Biomachines, a subsidiary of The Cultivated B, is at the forefront of developing bioreactors designed for the food industry and other sectors. These bioreactors play a …
Canadian Food Biomanufacturing Projected to Create 125,000 Jobs by 2050
Ontario Genomics has released an updated Food Innovation in Canada Report, providing economic projections for the country’s food biomanufacturing sector. The report estimates that by 2050, the industry could be valued at $18.8 billion and generate approximately 125,000 jobs. Food biomanufacturing, which includes cellular agriculture and precision fermentation, involves producing food, ingredients, and textiles using biotechnology rather than traditional agricultural methods. The updated analysis, conducted by Dr. Michael von Massow …
Cult Food Science Closes Debt Settlements
Cult Food Science, a Canadian food technology platform pioneering the commercialization of cultivated meat, has announced the settlement of outstanding debts owed to its creditors. As part of the settlement agreements, the company issued 2,997,000 shares at a price of $0.05 each. Of these, 1,017,000 are subject to a four month and one day hold period due to National Instrument 45-105 – Prospectus Exemptions. The remainder are not subject to …
The Cultivated B Unveils AI-Driven Biosensors to Advance Fermentation Tech
Biotechnology company The Cultivated B has introduced a new AI-driven biosensor system designed to enhance real-time monitoring of cell culture and fermentation processes. The multi-channel biosensors aim to improve bioprocess transparency, allowing engineers to track growth and metabolic activity with high precision. The system integrates real-time data analytics with continuous, high-resolution monitoring, eliminating the need for manual sampling or physical probes. This approach reduces contamination risks while ensuring consistent process …
Nova Scotia Expands Precision Fermentation Hub with $1M Investment
The Government of Nova Scotia is investing over 1 million Canadian dollars to expand the capabilities of the Verschuren Centre’s fermentation plant in Cape Breton, aiming to enhance automation, support additional clients, and create skilled jobs in the biomanufacturing sector. With a contribution of $1,055,000 from the province’s Community Economic Development Fund, the Verschuren Centre will increase its client capacity from 40 to 50, allowing it to accommodate more advanced …
CULT Food Science Targets Mycelium and Hybrid Alternatives with Acquisition of The Better Butchers
CULT Food Science Corp. (CSE: CULT, OTC: CULTF, FRA: LN00), a Canadian company focused on advancing cellular agriculture and lab-grown meat technologies, has executed a binding Letter of Intent (LOI) to acquire The Better Butchers Inc. (TBB). The transaction involves CULT acquiring 100% of TBB’s shares, subject to due diligence, regulatory approvals, and other conditions. The Better Butchers was founded in 2022 with the mission to be the first to …
Further Foods Launches Noochies! Immune Sprinkles, FDA Deems Trial “Generally Appropriate”
CULT Food Science subsidiary, Further Foods Inc., yesterday announced the launch of new Noochies! Immune Sprinkles for cats and dogs, the first products from its line of Sprinkles toppers, in the US and Canada. CULT raised CAD$800,000 to expand the Noochies! portfolio back in May, with CEO Mitchell Scott stating at the time, “CULT is uniquely positioned to play a key part in the transformation of our food system. The …
Lallemand Invests in Enzyme Firm Livzym, Expanding Alternatives to Proteins, Chemicals & Sugar
Canada’s Lallemand Bio-Ingredients announces an equity investment through its Swiss affiliate, Danstar Ferment AG, in Livzym Biotechnologies, a Turkish company specializing in fungi-based enzymes for industrial use. With additional equity from Turkish investors, the funds will help finance the expansion of Livzym’s production plant in Tuzla, near Istanbul, to meet the increasing demand for sustainable enzymes across a wide range of industries, including food, textile, paper, animal feed, and biofuels. Lallemand …