- In February 2024, 70/30 Food Tech, a Shanghai-based company focused on plant, fungi, and mycelium-based ingredients, announced the completion of a seed-extension funding round. As part of this development, the company plans to establish the 70/30 Mycelium Research Lab in Bangalore, India, within a leading biotech startup incubator. The lab will focus on creating affordable fungi-based biomass ingredients for alternative meats, aiming to scale sustainable food innovation. This initiative is expected to boost regional R&D capabilities and accelerate the adoption of mycelium-based protein alternatives in emerging markets
- In October 2023, MycoTechnology, a specialist in mushroom mycelial fermentation, launched its Fermentation as a Service (FaaS) platform for bioproduct companies. This new service is designed to address the limited availability of fermentation infrastructure by offering shared access to advanced facilities. The FaaS model is set to enhance scalability and reduce entry barriers for biotech startups, promoting faster innovation and commercialization within the bio-based product industry
