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Canadian plant-based seafood company selected for global competition for $ 15 million, The Canadian Business Journal

Regina, Saskatchewan, March 9, 2022 (GLOBE NEWSWIRE) — Protein Industries Canada celebrates project partner New School Foods as a semi-finalist in the XPRIZE Feed the Next Billion Contest. One of the 31 teams to reach this milestone, New School Foods is running to receive a portion of the $ 15 million prize pool.

Each XPRIZE team is tasked with developing structured chicken breast and fish fillet analogs that have the same taste, texture and cooking experience as traditional chicken and fish. Producing whole-cut seafood made from plants, New School Foods focuses on fish fillets that look like salmon, are cooked, tasted, and flaky.

“We are delighted and humbled to be selected as a semi-finalist alongside many impressive companies,” said Chris Bryson, Founder and CEO of New School Foods.

New School Foods is rapidly developing prototypes and new manufacturing methods. Full production and commercialization of products partially developed through a joint investment from Protein Industries Canada will help Canada achieve its environmental sustainability goals while providing plant-based food products. Helps diversify and meet the growing global demands of the country. Plant-based foods and ingredients.

“New School Foods’ innovative efforts have helped transform Canada’s agricultural food sector. Protein Industries Canada is proud to have been part of their story so far,” said Protein Industries Canada. CEO Bill Greuel said. “This is exactly the kind of project we wanted to be chosen when we helped promote XPRIZE in Canada. New School Foods is developing sustainable, innovative and delicious plant-based foods. This is exactly what consumers around the world are looking for. “

If successful, the next step in the New School Foods XPRIZE Journey will be selected as one of the 10 finalist teams that will split $ 2.5 million. These teams will advance to the final round of product development, and finally one winning team will be awarded a $ 7 million grand prize. Second and third place teams will be awarded $ 2 million and $ 1 million, respectively, and one team will be awarded a $ 2 million bonus award for developing low-cost and sustainable products. .. The 10 XPRIZE finalists will be selected near the end of 2022 and the winners will be announced in early 2024.

The media may contact:

Miranda Bruski
Regina, SK
306-581-1340
miranda@proteinsupercluster.ca

About New School Foods

Founded in 2020 and based in Toronto, Canada, New School Foods Inc. offers muscle-wide plant-based seafood that emulates the same texture, taste, nutritional benefits, and cooking experience as traditional seafood. I am developing.

About the XPRIZE Foundation

The XPRIZE is a movement for the global future and brings a truly fundamental breakthrough for the benefit of mankind. XPRIZE is positive for our world by inspiring the global community of problem solvers, crowdsourcing solutions through massive competition and addressing the world’s largest challenges in exploration, environment and human equity. Gives the power to influence. The fierce competition includes Elon Musk’s $ 100 million XPRIZE carbon removal, the next $ 1 billion $ 15 million XPRIZE feed, the $ 10 million XPRIZE rainforest, the $ 10 million ANA Avatar XPRIZE, and the $ 5 million. XPRIZE Includes rapid skill improvement and a $ 1 million digital learning challenge. Donate, sign up, or join the team at xprize.org.


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Canadian plant-based seafood company selected for global competition for $ 15 million, The Canadian Business Journal

Source link Canadian plant-based seafood company selected for global competition for $ 15 million, The Canadian Business Journal

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