Business Finland grants 78 million euros in funding to Finnish protein innovation
Finnish food technology company Solar Foods has received a significant funding decision from the state innovation financier Business Finland. The company was granted 78 million euros in funding, intended for the development of a new type of protein and the expansion of its production.
Solar Foods has become known for its method of producing protein from air and electricity. The technology developed by the company has attracted international attention, as it offers an alternative to traditional agriculture. With the new funding, the company aims to make its production processes even more efficient.
Business Finland's support is part of a broader effort to promote Finnish cleantech expertise and sustainable food production. The goal of the state funding is to help promising Finnish companies grow and compete in global markets.
Solar Foods' technology is based on the utilization of microbes that convert carbon dioxide and hydrogen into nutrients. In the future, this innovation could significantly change the way food is produced in an environmentally friendly manner without requiring large areas of land.
The funding received is one of the largest grants awarded by Business Finland to a company in the food sector. It strengthens Finland's position as a global pioneer in sustainable food technology.