UK-based bio-tech business Clean Food Group, which is seeking to create a sustainable yeast-based alternative to palm oil, using techniques and expertise developed at the University of Bath, has received a £1 million funding boost.
The funding will enable the rapid scale up of the company's manufacturing capability and the development of next generation, high value microbial oils.
The funding, from the UK Government's Novel Low-Emission Food Production Systems: Industrial Research Grant has been awarded by Innovate UK, the UK's national innovation agency, and the Biotechnology and Biological Sciences Research Council (BBSRC). It will accelerate the company's plan to deliver a market-ready technology leading to a more local, sustainable and healthy food production system.
For the duration of the 18-month project, Clean Food Group will collaborate with The University of Bath leveraging its world-class bio-tech research capabilities in the Dept. of Life Sciences (led by Dr. Daniel Henk) and Dept. of Chemical Engineering to develop high-value, functional microbial oils. Clean Food Group's proprietary technology platform uses proven, scalable yeast strains and fermentation technology to convert food waste into sustainable alternatives to traditional oil and fat ingredients.
Chris Chuck, who is Professor of Bioprocess Engineering, and leading the project said: "Ensuring that our future food production is secure and sustainable has never been so important. It is fantastic to see the UK playing a lead role in driving forward much-needed innovation to create a more sustainable, healthy, and secure food system for future generations."
Clean Food Group Co-founder and CFO Tom Ellen added: "We are delighted to have been granted this funding by Innovate UK and the Biological Sciences Research Council (BBSRC). The award is great validation of our technology platform and commercialisation strategy and will help us rapidly scale our manufacturing capabilities and regulatory pathways to achieve the necessary Food and Cosmetic regulatory approval for our products. We have a long history with the University of Bath and are thrilled to strengthen this further as we continue working with their world-leading research team."