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May
How do you Know about the market of alternative proteins?
How big is the alternative protein market? 
May 13, 2022  / Trends in food

They are not just vegetarian options to traditional meat, the alternative protein market includes a wide range of products and ingredients that use different plant proteins, such as soy and peas, new animal sources like insects and biotechnological innovations, such as cultured meat or fungal proteins. We can make meat from plants, by fermentation or cultivation of actual animal cells. These different ways to produce new foods coincide with the three main areas of the alternative proteins market. Market dynamics are being pressed, especially in the most developed countries, due to the growing attention to meat’s impact on health, environment and climate, and animal welfare (McKinsey&Company, 2022).
A trend suggests that the alternative proteins market will be worth roughly 71 billion U.S. dollars by 2025, a growth fueled by last decade’s biotechnologists’ efforts to improve food functionalities and create entirely new types of food.

How many companies are focused on new food and alternative proteins? According to the Good Food Institute (GFI): 88 fermentation companies are focused exclusively or predominantly on alternative proteins, 780+ companies worldwide with a primary focus on plant-based meat, seafood, egg, or dairy and 107 total cultivated meat and seafood industry startups announced by the end of 2021, up 24% from 2020 (Good Food Institute, 2022).

Companies investing in alternative proteins are taking advantage of funding rounds and growing dramatically yearly. To name a few: Future Meat Technologies ended the year with a $347 million funding round in December; Eat Just raised a $200 million funding round in March, followed by a $276 million round completed in September; Aleph Farms raised $100 million. Cultured seafood companies have made significant rounds, with BlueNalu raising $60 million and Finless Foods raising a $34 million Series B. Biomass fermentation company Fynd raised $350 million in a Series C round led by Vision Fund 2.

Alternative proteins offer some of the most game-changing research opportunities with potential for global societal impact-stabilizing the climate and preserving biodiversity while eliminating food’s contribution to pandemic risk and antibiotic resistance. We can reduce the harmful climate impacts of our food system, decrease the risk of zoonotic disease and antibiotic resistance, and feed more people with fewer resources. We can also slow biodiversity loss, reduce air and water pollution, and preserve our oceans.

Consorzio Italbiotec works to support the development of this new biotechnology sector, analyzing business models, developing technologies and products benchmarking and supporting companies in fundraising. Do you want to invest in this field? Do you have an idea and need a guide?
Contact us for a meeting with our experts!

By Cecilia Ceccherini

How green investments drive SMEs growth
How green investments drive SMEs growth  
April 26, 2022 / Driving innovation 

Investing in green innovations is the solution for the recovery and resilience of our economies. With over 1 trillion euros invested in the next decade, Europe aims to accelerate the green transition by ensuring a substantial social-economic impact, especially in those regions with a high intensity of CO2 emissions and substantial fossil dependence.

However, the race towards the green transition looks slower than expected. While Italy waits to receive the first 40 billion euros from Europe, the conflict in Ukraine and raw materials and energy expenditure threaten to increase spending on public procurement and investments. Will this revision lead to a reduction in the scale of expected benefits?

According to the European Innovation Scoreboard 2021 (EIS), Italy ranks among the EU Member States that experienced the most significant growth in innovation from 2014 to 2021, compared to an average increase of 12.5 percentage points. Innovation measured according to 32 indicators is an interconnected system of investments in academic and vocational education, scientific research at an international level, R&D expenditure of firms and the public sector, employment, SMEs' attitude toward products and business models designed to market needs.

Although Italy ranks according to the EIS among moderate innovators, its innovation performance has grown by 26.1% since 2014, standing out in the European average for circular material use rate (18.8 to 112 EU) and Eco-innovation index (11.7 to 100 EU). A high value of the circularity rate means the substantial introduction into the production system of raw materials recovered from previous operations by replacing the primary ones, avoiding the environmental impacts of extraction (EIS, 2021).

The latest Symbola GreenItaly Report also confirms Italian firms' green performance rates. Despite the inevitable production cuts and readjustments, investments in green solutions did not stop in 2021, mobilizing over 300,000 Italian companies. The uncertainty and instability of consumption have not slowed down the drive towards environmental sustainability even in traditional sectors, with the adoption of circular solutions increasingly present in business choices. Green companies are more resilient: among those who invested in green solutions, 14% increased their turnover in 2021, compared to 9% of non-green companies.

Are you interested in learning more about green performance indicators? Consult the Italbiotec scientific paper Driving Green Investments by Measuring Innovation Impacts published by the Open Access Sustainability journal.

by Ilaria Re

Growing strategic alliances, boosting excellence
Growing strategic alliances, boosting excellence 
April 14, 2022 / Biotech community 

Joins the Italbiotec ecosystem for accelerating your innovation up

The health and economic crisis of Covid19 has led to shocking changes in the employment, production and consumption of our daily life. The appeal to resilience has accelerated investments in diagnostic, therapeutic, digital and biotechnology, marking a central role in the fight against the pandemic and a tipping point for financials. Thousands of venture capital hit a record in conducted funding rounds worth more than 120 billion dollars invested globally in healthcare and biotech start-ups (data Crunchbase).
In Italy, according to Eurostat, R& investments in biotech reached 689.25 million dollars in 2021 and are set to grow to 802.49 million dollars by 2025 (data Statista; Eurostat). Despite this growth, firms' investment and capitalisation gaps are still huge, and building academic and industrial ecosystems is part of the recipe for accelerating market-driven innovation.

Maximising investments in cutting-edge technology, reducing impairment loss, and strengthening research quality is what Italbiotec offers its shareholders.
Do you have an innovative idea and would like to turn it into a product? Are you looking for a strategic partner to develop your business? We support companies, start-ups and researchers in the rapidly expanding biotechnology sector, increasing customer's innovation management performance by providing advice on accessing EU improvement programs and business development, turning ideas into sustainable innovation.

How do we do it? We improve decision-making by increasing the customer’s value proposition, opening new markets and reducing management costs. We offer a wide range of consulting business development services and technological due diligence, helping with the strategic positioning of a new product by analysing the industry, potential customers and brand perception.
We create collaborations between universities and industries to accelerate solutions from the laboratory phase to the market, analysing prospects and leads, success factors and potential obstacles to developing the idea and a business plan. Due diligence is also supported by comparative studies of sustainability and socio-economic impact. Additionally, companies can diversify their business and product range by partnering with innovative start-ups and university research and leveraging their agility to test products prior to their final placement. Over 80 members throughout Italy belong Italbiotec ecosystem mobilising over 10 million investments in research and development every year.

by Cecilia Ceccherini

Fighting greenwashing by LCA solutions
Fighting greenwashing by LCA solutions 
March 23, 2022 / Greenwashing 

Building up customers' trust in your green products by fostering data transparency

Valued at 10.32 billion US dollars in 2020, the global eco-friendly solutions and green technology market is projected to reach 74.64 billion US dollars by 2030, growing at a CAGR of 21.9% 1 . In recent years, Cop21 and UN climate policy agreements have accelerated the green market growth encouraging financial instruments, such as Green Bonds. Obligations issued by supranational financial institutions and big players support various projects with a high environmental sustainability impact, including mobility to waste treatment, eco-friendly building, and water reclamation.
Green Bonds will probably represent the strongest economic vector to ensure the fossil-based energy transition of economic systems. In 2020, around 236 billion euros of Green Bonds were issued in Europe (+ 57% compared to 2018), with Germany, France, and the Netherlands accounting for a third  2  and more recently, the Next Generation EU represents an 800 billion euro green bond destined to achieve the climate neutrality targets by 2050.

Driven by exponential market growth, producers and retailers are racing to implement greener production models, encouraged by a consumer increasingly environmental impacts awareness. However, the tremendous momentum of green tech operators has fueled green marketing and greenwashing, representing the biggest obstacle to sustainable investing according to institutional investors worldwide.
Strategic green marketing is responsible for a false impression of their environmental benefits, penalising companies genuinely committed to greening their products.
The skyrocketing incidence of greenwashing can profoundly affect consumer and investor confidence in green products, calling for greater transparency and reporting of sustainability data. A reliable and standardized method of assessing and quantifying company performance, the Life Cycle Assessment (LCA) is an indispensable tool for enhancing and protecting all ecological claims.

Do you want to want to make your products or innovative processes more reliable?
Italbiotec develops specific and tailor-made environmental studies to quantify and understand the environmental impact associated with a product and its process system over the entire lifecycle. Italbiotec provides values on ESG materiality issues, analyzing several indicators such as climate change, water use impacts, human health impacts, and land use.
Italbiotec will also be able to support the evaluation of new development opportunities, such as participation in funded projects, business model development, and industrial scaling up.

by Fabiana Gatto, Ilaria Re

Biotechnology for industrial energy needs
Biotechnology for industrial energy needs 
March 14, 2022 / Energy 

Bioenergy and energy efficiency. How to access PNRR funds supporting the green transition.

The energy shock in 2022 is worth a 37 billion price increase for Italian companies. The effects are visible and drastic: many companies have limited production, slowing it down in the most energy-intensive departments and partially halted production. The solution comes from Biotechnology, which plays a fundamental role in developing sustainable applications to produce renewable energy from biomass.

Bioenergy represents the future of our economy: starting biomass (agricultural or forestry waste) is turned into energy through thermochemical and chemical/biochemical processes. In this way thermal energy, electricity, Syngas, synthetic gas, bioethanol, biogas, biomethane, hydrogen and biodiesel are obtained.
In a perfect idea of circular economy, bioenergy can be directly obtained in the companies and reused, lowering energy costs and contributing to environmental sustainability.

Sustainable development and cutting-edge innovations accelerate concrete business solutions to support energy challenges. Are you looking for financial instruments for your company? Would you like to take advantage of the Recovery Plan funds?
Italbiotec supports your company towards alternative energy solutions based on biotechnology.
Italbiotec develops industrial research projects and advanced consulting services by facilitating access to public funding at regional, national and EU levels. Since its foundation in 1998, Italbiotec has managed projects for over 200 million euros in grants, creating new opportunities for growth and acceleration of their business model.

Italbiotec helps companies with high energy demand exploit PNRR Calls in the energy field.
The M2C2 section-renewable energy, hydrogen, grid and sustainable mobility provides 25.36 billion euros for increasing renewable energy and hydrogen use, investing in agro-voltaic development, and promoting Renewables energy communities and self-consumption, innovative plants, development of bio-methane.
Specifically, these calls provide for the implementation of hybrid energy production-agriculture systems and the development of biomethane obtained from organic residues. It is expected the installation in companies of agro-voltaic plants which would produce about 1,300 GWh per year and a supply of circa biomethate 2.3-2.5 billion cubic meters.

by Cecilia Ceccherini

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