🇸🇪 Melt&Marble secures €2.76m in EU grants
Melt&Marble secures €2.76M in EU grants to further develop and scale its fermentation-based fats
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Melt&Marble selected to receive €2.5M grant from EIC Accelerator.
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Melt&Marble approved for Horizon Europe Framework Programme (HORIZON) grant to receive a further €260K in funding from the EU.
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New cash injection will accelerate Melt&Marble’s path to commercialize first products – MeatyMarble™ and DairyMarble™.
Selected as part of a highly competitive process that saw 969 companies submit a full grant proposal, Melt&Marble is one of 68 European deep tech start-ups chosen by the jury to receive the blend of grant and equity funding unique to the EIC Accelerator. The EIC Accelerator Challenges invite proposals in areas where breakthrough technologies or game-changing innovations developed by start-ups or SMEs can have a major impact on EU objectives. Notably, Melt&Marble is also one of 14 female-led companies to succeed in this funding round and gain access to leading expertise, corporates, investors and ecosystem actors.
The EIC funding will enable Melt&Marble to further scale-up its process and advance to pre-commercial levels. The grant will also support the application development of the company’s first product, MeatyMarble™, while reducing production costs in preparation for a commercial launch. Melt&Marble’s first product, MeatyMarble™ is a solid, meat-like fat designed to replicate the properties of animal-derived fats for use in alternative meat products, resulting in a more delicious and sustainable alternative. In parallel, Melt&Marble is exploring MeatyMarble™’s potential in other industries, including personal care, where there is a growing demand for sustainable specialty fats driven by evolving consumer preferences.
Chief Business Officer, Thomas Cresswell commented: ‘’These grants mark a significant milestone for Melt&Marble, enabling us to decrease production costs, scale our innovative technology and bring sustainable fats to market. We are excited about the opportunities this creates for us to progress on our mission to enable the transition to a more sustainable agri-food system.’’
Originally published on 29 July by Melt&Marble.
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