Renaissance BioScience Wins Inaugural Foodtech Frontier Award for Yeast-Based Food Innovations
TL;DR
Renaissance BioScience's Foodtech Frontier Award win provides competitive advantage through patented non-GMO yeast technologies that reduce costs and create natural flavor substitutes.
Renaissance BioScience develops yeast-based solutions through bioengineering processes that reduce acrylamide, improve plant-based protein flavors, and create natural substitutes for chemical-based flavors.
Renaissance BioScience's yeast technologies create healthier food options with natural ingredients while reducing environmental impact compared to traditional flavor extraction methods.
Renaissance BioScience transforms yeast into natural flavor substitutes for candy and improves plant-based protein taste through innovative bioengineering techniques.
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Renaissance BioScience Corp., a global leader in yeast technology, has been selected as a winner of the inaugural Foodtech Frontier Award program by the Canadian Food Innovation Network (CFIN). The program spotlights 10 established and 25 rising star high-growth Canadian food technology companies positioned to transform the food industry across Canada and in global markets. The Vancouver-based company was recognized for its strong track record in developing innovative yeast-based solutions to address important food, beverage and flavor industry challenges.
Renaissance has demonstrated extensive food innovation capabilities, creating non-GMO patented products for license to global food industry partners. These include its acrylamide-reducing yeast and an entire suite of alcoholic beverage yeasts that have been licensed or sold to global industrial partners. In 2024, Renaissance was awarded a multi-year project grant from CFIN's FoodTech Next program to develop yeast-based technology to improve the flavor of plant-based proteins. This work represents a significant advancement in addressing taste challenges within the rapidly growing plant-based food sector.
Currently, Renaissance is collaborating with one of the largest global confectionary companies to develop technology that produces natural flavors from yeast as clean label flavor substitutes for chemical-based flavors. This novel approach not only reduces costs for food manufacturers and appeals to consumers seeking natural ingredients but also offers environmental benefits compared to traditional methods of growing and harvesting fruit to extract natural flavor compounds. Dr. John Husnik, Renaissance's CSO and Co-CEO, commented on the Foodtech Frontier award, stating that the recognition reflects the company's commercial achievements and technology expertise.
The Canadian Food Innovation Network, which supports this initiative, is a national non-profit organization that sparks innovation by connecting Canadian foodtech leaders, entrepreneurs, and researchers. With over 5,000 members, CFIN has built the fastest growing and most engaged food business community in the country, supported by the Government of Canada's Strategic Innovation Fund and Canadian Agricultural Strategic Priorities Program. Learn more at https://cfin-rcia.ca. The selection of Renaissance BioScience for this prestigious award underscores the growing importance of biotechnology in addressing food industry challenges while meeting consumer demand for natural, sustainable ingredients. The company's yeast-based innovations represent a significant step forward in creating more efficient and environmentally friendly food production methods that benefit both manufacturers and consumers.
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