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Fermtech hits crowdfunding target to prepare for pilot-scale fermented protein production

September 24, 2024

Fermtech, an Oxford-based biotech company, has reached a significant milestone by successfully raising £325,000 through its Crowdcube crowdfunding campaign. The funds will be used to lay the groundwork for scaling up production of its innovative low-carbon, fermented protein. Fermtech’s technology transforms spent grains from breweries into high-value, sustainable ingredients, offering a unique and environmentally friendly protein alternative. The company’s solution meets the rising demand for sustainable food products while addressing issues of food waste and carbon emissions.

The funds raised in this campaign are specifically allocated to preparing Fermtech for its next phase—pilot-scale production. This includes setting the foundations for a pilot production facility, expected to move forward next year. Importantly, while these funds will allow Fermtech to accelerate its development toward pilot scale, they will not directly cover the costs of pilot production itself. Instead, the money will be used to refine the process, conduct critical R&D, and ensure that all necessary steps are taken to facilitate a successful transition to pilot-scale operations in the near future.

“We’re incredibly grateful to our investors for their support,” said Andy Clayton, CEO of Fermtech. “This funding allows us to accelerate our preparations and bring our sustainable protein solution closer to market. While the funds will not cover the actual costs of pilot production, they’re vital for ensuring we’re in the best possible position to execute our vision.”

Andy Clayton, CEO of Fermtech (in the middle)

Fermtech’s innovative approach centers around the upcycling of spent grains from beer production, which are typically discarded or used as low-value animal feed. The company’s fermentation process transforms these grains into nutrient-dense protein suitable for human consumption. Not only does this process increase the protein content of the grains, but it also enhances their digestibility, making them a highly attractive ingredient for plant-based food products.

The Crowdcube campaign remains open for a limited time, allowing additional investors to join Fermtech on its journey toward pilot-scale production. The company hopes that securing further funding will enable it to reach pilot scale faster and expand its capabilities.

Fermtech’s mission aligns with a growing global movement toward sustainable and alternative proteins. Consumers are increasingly seeking out plant-based and eco-friendly protein options, both for personal health and environmental reasons. With the food industry placing greater emphasis on reducing its carbon footprint, Fermtech’s low-energy fermentation process offers a promising solution. The company’s use of upcycled ingredients further strengthens its environmental credentials by reducing food waste and promoting a circular economy.

The funds raised will support several key preparatory activities, including the refinement of Fermtech’s fermentation technology, process optimization, and the development of partnerships necessary to build the pilot facility. This groundwork is essential to ensure the company is ready to move into production once full funding for the pilot scale is secured.

In addition to its environmental benefits, Fermtech’s protein offers nutritional advantages. The fermentation process enhances the bioavailability of nutrients, such as essential amino acids, vitamins, and minerals, making it a compelling option for health-conscious consumers. Discussions with food manufacturers have already begun, and Fermtech is exploring potential uses for its protein in a wide range of products, including plant-based meat alternatives, protein bars, and functional foods.

If you have any questions or would like to get in touch with us, please email info@futureofproteinproduction.com

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