The news from 50 vegan publishers and animal rights charities are automatically posted here
News feed updated every 5 minutes

French Algae Startup Algama Foods Receives €2M Grant From the European Commission

October 20, 2021
From Vegconomist

French Algae Startup Algama Foods Receives €2M Grant From the European Commission – vegconomist – the vegan business magazine

  • October 20, 2021


    Voiced by Amazon Polly

    , the French startup created in 2013, an expert in the replacement of animal proteins by microalgae, is the winner of the call for projects launched by the European Commission. This €2 million grant is aimed at creating alternatives to products from fishing and aquaculture.

    With this funding, Algama plans to finalise the R&D of its “Seafood Algternative” innovation, a vegan range of products imitating smoked salmon strips and tuna flakes. The grant will also allow Algama to recruit around 20 people to support the growth of this forward-looking project.

    Salmon strips, Algama Foods
    Salmon strips © Algama Foods

    The blue economy and in particular SMEs play a crucial role in supporting coastal communities and decarbonisation in Europe. Launched on 26 March 2021 under the European Maritime Affairs and Fisheries Fund (EMAF), the European call “Blue Economy Window – 2020” is designed to support the market introduction of new products, services and business models to develop a European, sustainable and innovative blue economy. Aimed exclusively at innovative SMEs in the maritime sector, this grant, with an initial amount of €20 million, selected 11 projects, including Algama’s.

    “This financial support from the European Commission validates our strategy, initiated several years ago, to develop 100% plant-based and textured food solutions thanks to algae and microalgae. This new generation of products is a real breakthrough compared to current initiatives on the market, Seafood Algternative is a credible and scalable response to the major food challenges”, said Alvyn Severien, CEO & co-founder of Algama.

    Discuss In The Forum


    PETA-Certified Vegan T-shirts ★ Free Shipping

    Vegan et solidaires
    The question is not can they reason, nor can they talk, but... can they suffer?
    Vegan anarchist
    Vegan hooligans
    Animals are my friends and I don't eat my friends
    Certified vegan
    Vegan against all exploitation
    Vegan revolution

    vegan shirts

    All content sourced from external websites. Opinions are those of the contributors and are not necessarily endorsed by or its partners. [Disclaimer]