Aqua Cultured Foods and Migros Collaborate to Advance the Development of Seafood Alternatives
Food tech startup Aqua Cultured Foods today announced that it has signed a Proof of Concept (PoC) with Migros, Switzerland’s largest retailer, to advance the development of its seafood alternatives with taste and quality. realistic texture.
The collaboration includes assessing the acceptance by Swiss consumers of alternatives to seafood derived from the fermentation of Aqua and exploring new business opportunities in Switzerland.
Aqua uses microbial fermentation to ‘grow’ protein and is developing the first cut of whole muscle, sushi-grade tuna and whitefish fillets, as well as alternatives to shrimp and squid, based on its new technology. fermentation.
Europeans in EU member states consume 27 kg (almost 60 pounds) of seafood per person, with imports far exceeding domestic supply. Almost a quarter of the world’s catches are imported into Europe, although they represent less than ten percent of the world’s population.
“Global demand for seafood is exceeding the capacity of the ocean, and we appreciate that Migros wants to be part of the solution,” said Brittany Chibe, Aqua growth director. “Interest in our alternative seafood is coming from Europe, North America and Asia, as the need for more sustainable protein increases as the climate crisis worsens and the population grows. ”
“Aqua Cultured Foods showcased exciting technologies and products that we at Migros believe can revolutionize the seafood category across the food industry,” said (Migros contact). “The Swiss market welcomes food technology and we are ready to show the region the future of alternative proteins.”
Aqua has been accepted into Kickstart 2021, a Swiss startup incubator for high-growth technological innovation. Over the past six years, Kickstart has supported over 200 startups and facilitated over 200 transactions in over 40 countries, raising over $ 1.6 billion in investments and working with European partners including Migros and Coop.
“Kickstart 2021 attendees are tackling some of the most pressing issues of our time, and a collaboration like this between Migros and Aqua Cultured Foods is proof that meaningful business partnerships can create social benefits,” said Katka Letzing, Co-Founder and CEO of Kickstart. Innovation. “Large companies are increasingly interested in cooperating with high-growth start-ups and developing together in Switzerland.”
Aqua’s fermentation methods use no animal inputs, no alteration or genetic modification and can be marketed as non-GMO. Per serving, the products will contain 18 to 20 grams of protein, 10 to 12 grams of fiber and free of sodium, saturated fat or cholesterol and omega-3. These nutritional values are similar to cod, which contains 18 grams of protein, 0.7 grams of fat, almost 43 mg of cholesterol, 54 mg of sodium and no fiber.
Aqua is currently expanding production and infrastructure construction to launch commercial products with strategic partners in 2022.
One of the largest retailers in the world, Migros is the largest retailer, largest grocery chain and largest employer in Switzerland. Migros is organized as a cooperative, with around two million Swiss members / buyers / owners. It has 90 subsidiaries that produce staple foods sold in stores; services such as mobile telecommunications, banking, travel, gas stations and convenience stores, bookstores, furniture stores, garden centers and hardware stores; and educational and cultural opportunities such as language schools. For more information, visit https://www.migros.ch.
Kickstart is one of the largest zero-capital multi-company ecosystem innovation platforms in Europe running a scale-up program for high-growth startups with the aim of accelerating deep technological innovation. in Swiss. Science and engineering-driven technologies have the potential to solve humanity’s greatest challenges. They require unprecedented collaboration between established organizations and the most daring entrepreneurs. Kickstart builds bridges and brings together various organizations such as startups, companies, cities, foundations and universities. Each year, Kickstart brings up to 100 entrepreneurs to Switzerland to collaborate with key players for proof of concept, pilot projects and other innovation partnerships. In addition, through the intrapreneurship program, Kickstart helps established organizations accelerate internal innovation.
About Aquatic Culture Foods
Aqua Cultured Foods is an innovative food technology startup developing the world’s first alternatives to whole muscle cut seafood created by microbial fermentation. Its new technology produces a complete and sustainable source of protein using only a fraction of the resources required by traditional aquaculture. As an R&D company focused on product commercialization, Aqua Cultured Foods occupies a unique position in the growing alternative seafood market as well as in the fermentation industry. The company’s mission is to mitigate global challenges such as overfishing, climate change and to feed the growing world population with delicious, nutrient-dense foods. For more information, visit https://www.aquaculturedfoods.com.