Six WA alternative protein businesses partake in X-Protein Lab program
In the Western Australian Food Innovation Precinct initiative, the businesses will be mentored by industry experts from Singapore and Australia in R&D; technology readiness; intellectual property considerations; product-market fit; business models; consumer and market acceptance; investment potential and global relevance.
The businesses will also interact with like-minded Singapore start-ups, link into the regional and global agri-food financing eco-system and receive three months access to the Precinct’s Innovation Centre when it opens in mid-2022.
1.) Ainsley Agroforestry and Aquaponics Pty Ltd, a tree farm based in Greenough, will explore the production of alternative plant protein from dried powdered leaves of Moringa oleiferatrees, which will initially be grown in the state’s mid-west.
2.) Whole Green Foods Pty Ltd will introduce their proprietary processing and extraction technology. Through the program, they will validate their technology and business model to rapidly scale up the business, both in Australia and abroad. The company is a finalist in the 2021Western Australian Innovator of the Year Awards in the category of Emerging Innovation.
3.) Jarra Infusion Wholesale Pty Ltd will focus on business development and commercialization to enable the supply of a range of plant-based products across WA, interstate and overseas. They will also explore the opportunities offered through mycelium-based protein and the medicinal benefits of mushrooms, for incorporation in their range.
4.) The Lupin Co. will investigate Australian Sweet Lupin as a concentrated protein source for the global food market for tailored foods, specific to consumer needs including for sport, management of diabetes, obesity and other health issues, including infant health and aged care.
5.) Wide Open Agriculture will work through the X-Protein Lab program’s networks to introduce, both to Australia and Asia, its patented process of transforming Australian Sweet Lupin into a format applicable for multiple foods and drink categories. The company also hopes to grow Western Australia’s regenerative farming practices.
6.) Grubs Up Australia, (the state’s first edible insect farm) will seek to expand their target market internationally for their product range which currently includes protein roasted crickets, roasted mealworms and high-protein powder. The company also hopes to explore ready-to-eat products such as pre-workout high protein bars, muesli bars, health food snacks, protein balls, breakfast granola and pancake mixes.
Western Australian Food Innovation Precinct general manager Dr Chris Vas announced these businesses earlier this week.
“The shift toward plant-based foods is a growing global movement toward healthier eating and environmental responsibility,” Vas said.
X-Protein Lab program and Western Australian Food Innovation Precinct Experts in residence include Dr Natasha Teakle and Dr Regine Stockman from Australia, and Gerard Chia and Professor Paul Teng from Singapore.
The X-Protein Lab program is supported by the federal government’s Department of Industry, Science, Energy and Resources, Peel Development Commission and the Shire of Murray.
#alternativeprotein businesses #global market #local businesses #Singapore #WesternAustralian #Food Innovation #PrecinctX-Protein Lab program
If you have any questions or would like to get in touch with us, please email email@example.com