Onego Bio
Business Description Onego Bio’s team developed a safe, sustainable and cost-effective cellular agriculture method for producing ovalbumin, the most abundant egg white protein. This biotech process, based on harnessing the microflora Trichoderma reesei for protein production, with the help of water, sugar and certain minerals, can provide significant environmental improvements to egg white production. The team believes the chosen technology is superior because of its efficiency and productivity.
Think of like making beer, where a microorganism is fed sugar to make alcohol.
The young startup will focus on building its pilot production in Finland during the coming years and acquiring the necessary commercial approvals for its first product, animal-free bioalbumen powder. Then, the company wants to take the product global.
Onego Bio aims to market the product as a food ingredient for the bakery and confectionary industry, as well as a protein supplement for fitness products and later enter the consumer market with its own branded products for baking and cooking.
Tags sustainable, egg white protein, biotech
Website https://www.onego.bio/
Articles about Onego Bio:
- April 5, 2024 Weekly funding round-up! All of the European startup funding rounds we tracked this week (April 01 – April 05 )
- January 29, 2024 Finland’s rising stars: 10 promising startups you must keep an eye on in 2024
- February 7, 2023 10 fantastic Finland-based startups to watch in 2023!
- October 3, 2022 Greentech Report: Milestones, Funding and Important Updates in September 2022
- September 9, 2022 Weekly funding round-up! All of the European startup funding rounds we tracked this week (Sept 5-9)
- September 8, 2022 Finnish startup Onego Bio picks up €4.5 million to accelerate the development of chicken-less egg product
- March 29, 2022 10 fantastic fast-growing Finnish startups to watch in 2022
- March 4, 2022 Weekly VC Overview: The 158 European startup funding rounds we tracked this week (Feb 28-March 4)
- February 25, 2022 Weekly VC Overview: All European startup funding rounds we tracked this week (Feb 21-25)
- February 22, 2022 Creating the egg without the chicken, Finnish startup Onego Bio picks up €10 million
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