European Innovation Council

Established in 2020, the European Innovation Council supports innovative startups and researchers with promising ideas, focusing on early-stage companies with positive environmental, social, or governance impacts. It co-invests alongside private investors.

David Malo Jean

Director

Past deals in Nutrition

MOA

Venture Round in 2025
MOA make healthy food for a sustainable world that solves growing global food demands. They are establishing a new industry of sustainable food that solves growing global food demands without the need for arable land. They are focused on designing high-value, natural and nutritious food.

MOA

Grant in 2025
MOA make healthy food for a sustainable world that solves growing global food demands. They are establishing a new industry of sustainable food that solves growing global food demands without the need for arable land. They are focused on designing high-value, natural and nutritious food.

Onego Bio

Venture Round in 2024
Onego Bio is a biotechnology company focused on producing animal-free egg white protein through precision fermentation. Their flagship product, Bioalbumen, offers a sustainable alternative to traditional egg proteins, boasting identical taste and nutritional profiles while providing superior functional properties and a significantly reduced environmental footprint. By employing commercially proven technology, Onego Bio meets the growing demand for stable and sustainable functional ingredients within the food industry. The company has gained recognition as a leader in innovation, winning Fast Company’s 2023 World Changing Ideas award. Additionally, Onego Bio is actively involved in the industry as a co-founder of the Precision Fermentation Alliance and Food Fermentation Europe, further establishing its commitment to advancing sustainable food solutions.

FreezeM

Series A in 2024
FreezeM is a company focused on advancing the use of insects as a sustainable protein source for the animal feed industry. Recognizing the potential of insects to address the growing demand for alternative protein, FreezeM develops innovative preservation technologies that facilitate large-scale freezing of insect species. This process aims to create a reliable supply of ready-to-use suspended neonates and frozen eggs, akin to agricultural seed production, which can overcome challenges related to availability, cost, and regulatory constraints. By establishing global stocks of beneficial insects, FreezeM supports various applications, including protein for animal feed, biological pest control, and species preservation, ultimately contributing to a more sustainable food system.

Norbite

Grant in 2023
Norbite is a biotechnology research firm that specializes in converting plastic waste into sustainable products through an innovative insect-based biorefinery process. The company's technology enables the production of sustainable goods by utilizing larvae that are bio-refined to extract proteins suitable for food and animal feed. By focusing on the transformation of plastic waste, Norbite aims to provide environmentally friendly solutions while addressing the growing concerns of waste management and sustainability. Through its unique approach, the firm contributes to the development of sustainable products and services that benefit both clients and the environment.

Nemysis

Grant in 2023
Nemysis is a Dublin-based specialty pharmaceutical company focused on developing and manufacturing food supplements, medical matrix products and prescription medicines. Founded in 2005, it pursues a staged development strategy to commercialize OTC and prescription products across different market segments addressing nutritional disorders and deficiencies. The company develops products such as a novel nanoparticulate oral iron supplement with a unique absorption mechanism to treat iron deficiency or anemia while minimizing gastrointestinal side effects, and glutenase capable of functioning in both the stomach and intestine to protect individuals with celiac disease or gluten sensitivity from inadvertent gluten exposure.

FreezeM

Grant in 2022
FreezeM is a company focused on advancing the use of insects as a sustainable protein source for the animal feed industry. Recognizing the potential of insects to address the growing demand for alternative protein, FreezeM develops innovative preservation technologies that facilitate large-scale freezing of insect species. This process aims to create a reliable supply of ready-to-use suspended neonates and frozen eggs, akin to agricultural seed production, which can overcome challenges related to availability, cost, and regulatory constraints. By establishing global stocks of beneficial insects, FreezeM supports various applications, including protein for animal feed, biological pest control, and species preservation, ultimately contributing to a more sustainable food system.

Alkion BioInnovations

Grant in 2022
Founded in 2017, Alkion BioInnovations specializes in developing natural plant active ingredients for pharmaceutical applications using proprietary semi-industrial technologies. The company focuses on environmentally friendly and consumer-beneficial products.

Alkion BioInnovations

Seed Round in 2021
Founded in 2017, Alkion BioInnovations specializes in developing natural plant active ingredients for pharmaceutical applications using proprietary semi-industrial technologies. The company focuses on environmentally friendly and consumer-beneficial products.

Green Spot Technologies

Grant in 2021
Green Spot Technologies is a company focused on nutrition and sustainability by producing upcycled food ingredients. Utilizing a specialized fermentation platform, it transforms wasted fruit and vegetable by-products into a low-carb flour that offers enhanced nutritional value and functionality. This innovative flour is characterized by its high protein and dietary fiber content, while being low in starch, sugars, and fats. Green Spot Technologies aims to provide clients with healthier flour alternatives, contributing to waste reduction and promoting sustainable practices in the food industry.

Green Spot Technologies

Venture Round in 2021
Green Spot Technologies is a company focused on nutrition and sustainability by producing upcycled food ingredients. Utilizing a specialized fermentation platform, it transforms wasted fruit and vegetable by-products into a low-carb flour that offers enhanced nutritional value and functionality. This innovative flour is characterized by its high protein and dietary fiber content, while being low in starch, sugars, and fats. Green Spot Technologies aims to provide clients with healthier flour alternatives, contributing to waste reduction and promoting sustainable practices in the food industry.

FreezeM

Grant in 2021
FreezeM is a company focused on advancing the use of insects as a sustainable protein source for the animal feed industry. Recognizing the potential of insects to address the growing demand for alternative protein, FreezeM develops innovative preservation technologies that facilitate large-scale freezing of insect species. This process aims to create a reliable supply of ready-to-use suspended neonates and frozen eggs, akin to agricultural seed production, which can overcome challenges related to availability, cost, and regulatory constraints. By establishing global stocks of beneficial insects, FreezeM supports various applications, including protein for animal feed, biological pest control, and species preservation, ultimately contributing to a more sustainable food system.

FreezeM

Venture Round in 2021
FreezeM is a company focused on advancing the use of insects as a sustainable protein source for the animal feed industry. Recognizing the potential of insects to address the growing demand for alternative protein, FreezeM develops innovative preservation technologies that facilitate large-scale freezing of insect species. This process aims to create a reliable supply of ready-to-use suspended neonates and frozen eggs, akin to agricultural seed production, which can overcome challenges related to availability, cost, and regulatory constraints. By establishing global stocks of beneficial insects, FreezeM supports various applications, including protein for animal feed, biological pest control, and species preservation, ultimately contributing to a more sustainable food system.

Deep Branch Biotechnology

Grant in 2020
Deep Branch Biotechnology Ltd., founded in 2018 and based in Nottingham, United Kingdom, specializes in carbon recycling services aimed at creating sustainable food ingredients. The company employs a proprietary gas fermentation platform that utilizes clean and renewable carbon and energy sources to produce bio-based products for the food and feed markets. By focusing on customer-driven research and development, Deep Branch rapidly delivers high-quality ingredients while collaborating with local providers to ensure sustainable input supplies and support local economies. Its approach includes integrating with carbon dioxide suppliers to deploy its technology efficiently, contributing to a reduction in carbon footprints by up to 60% compared to traditional alternatives. This innovative model allows Deep Branch to create locally-produced ingredients that require no arable land and minimal water, effectively addressing climate change and biodiversity loss while ensuring that consumers do not have to compromise on nutrition or quality.

Alginor ASA

Grant in 2020
Alginor ASA is a company focused on the sustainable utilization of seaweed resources from the Arctic region, particularly Laminaria Hyperborea. Established on March 24, 2014, Alginor aims to develop an integrated biorefinery that maximizes the use of seaweed biomass for producing a range of high-value ingredients. These ingredients include mannitol, fucoidan, cellulose, alginate, oligosaccharides, polyphenols, carotenoids, amino acids, and other biobased materials. The company is committed to eco-friendly and efficient processing methods, setting a standard for innovative solutions in various sectors, including food, feed, pharmaceuticals, agriculture, chemicals, and materials. Alginor plans to construct a demonstration biorefinery with an initial production capacity of 5,000 tons of seaweed annually and aims for future expansion to a full-scale industrial facility capable of processing 50,000 tons per year. This approach not only addresses the potential of seaweed as a valuable resource but also emphasizes zero waste and sustainable practices in production.

Alginor ASA

Venture Round in 2020
Alginor ASA is a company focused on the sustainable utilization of seaweed resources from the Arctic region, particularly Laminaria Hyperborea. Established on March 24, 2014, Alginor aims to develop an integrated biorefinery that maximizes the use of seaweed biomass for producing a range of high-value ingredients. These ingredients include mannitol, fucoidan, cellulose, alginate, oligosaccharides, polyphenols, carotenoids, amino acids, and other biobased materials. The company is committed to eco-friendly and efficient processing methods, setting a standard for innovative solutions in various sectors, including food, feed, pharmaceuticals, agriculture, chemicals, and materials. Alginor plans to construct a demonstration biorefinery with an initial production capacity of 5,000 tons of seaweed annually and aims for future expansion to a full-scale industrial facility capable of processing 50,000 tons per year. This approach not only addresses the potential of seaweed as a valuable resource but also emphasizes zero waste and sustainable practices in production.
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