FAQ: Renaissance BioScience's Foodtech Frontier Award and Yeast Technology Innovations
Summary
Renaissance BioScience has been selected as a winner in CFIN's inaugural Foodtech Frontier Award program, recognizing the company's innovative yeast-based solutions that address key challenges in the food and beverage industry.
What is the Foodtech Frontier Award that Renaissance BioScience won?
The Foodtech Frontier Award is a new Canadian national initiative by the Canadian Food Innovation Network (CFIN) that spotlights 10 established and 25 rising star high-growth Canadian food technology companies poised to transform the food industry across Canada and in global markets.
Why was Renaissance BioScience selected for this award?
Renaissance was recognized for its strong track record in developing innovative yeast-based solutions to address important food, beverage and flavor industry challenges, as well as its commercial achievements and technology expertise.
What specific yeast-based technologies has Renaissance developed?
Renaissance has developed non-GMO patented products including acrylamide-reducing yeast, an entire suite of alcoholic beverage yeasts, technology to improve plant-based protein flavors, and natural flavor substitutes from yeast to replace chemical-based flavors.
How does Renaissance’s yeast technology benefit the food industry?
Their technology reduces costs for food manufacturers, attracts consumers who value natural ingredients, provides clean label flavor substitutes for chemical-based flavors, and has a positive environmental footprint compared to traditional flavor extraction methods.
What is the Canadian Food Innovation Network (CFIN)?
CFIN is a national non-profit organization that sparks innovation by connecting Canadian foodtech leaders, entrepreneurs, and researchers, with over 5,000 members and supported by the Government of Canada’s Strategic Innovation Fund and Canadian Agricultural Strategic Priorities Program.
What current projects is Renaissance working on?
Currently, Renaissance is working with one of the largest global confectionary companies to develop technology that produces natural flavors from yeast as clean label substitutes, and they received a CFIN grant to develop yeast-based technology to improve plant-based protein flavors.
Where is Renaissance BioScience based and what industries do they serve?
Renaissance is based in Vancouver, Canada and serves the food, beverage, agriculture, animal health and nutrition industries, as well as energy and human health sectors.
How does Renaissance’s natural flavor technology compare environmentally to traditional methods?
The technology has a positive environmental footprint compared to growing and harvesting fruit to extract natural flavor compounds, making it more sustainable than traditional flavor production methods.
Who commented on the award and what did they say?
Dr. John Husnik, Renaissance’s CSO and Co-CEO, stated that the team is honored to be selected as a ‘Rising Star’ and that CFIN’s support has been instrumental in advancing their food innovation work.
Where can I find more information about Renaissance BioScience?
More information about Renaissance BioScience can be found at www.renaissancebioscience.com.
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