Our portfolio company, Kern Tec, has received prestigious funding from the European Innovation Council (EIC), an accelerator providing start-ups and SMEs with grants and/or equity investments of up to EUR 17.5 million to help bring their promising technology to market.
Kern Tec prevents fruit stones from unnecessarily going to waste in the food industry by developing technologies that turn the stones into food. The fruit stones contain valuable nutrients, vitamins and minerals that are made up of 25% protein and can be converted into raw materials such as oils, nougat cream and dairy alternatives.
Kern Tec plans to use their grant of EUR 2.5M to scale up production and establish their innovative fruit stone solutions to continue detoxifying oil seeds and fruit seeds. This will help make these valuable ingredients edible for the first time.