Ginkgo Bioworks Subsidiary FGen AG Awarded Funding Through European Innovation Council's Pathfinder Programme For Sustainable Milk Protein Production Project
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FGen AG, a subsidiary of Ginkgo Bioworks, has been awarded funding by the European Innovation Council's Pathfinder Programme to develop a sustainable method for producing milk protein. The project aims to create an alternative to traditional milk production by engineering bacteria to convert CO2 and electricity into whey protein, which could significantly impact the sustainable bioproduction of food, medicine, and chemicals.
December 19, 2023 | 12:10 pm
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Ginkgo Bioworks, through its subsidiary FGen AG, has received funding for a project focused on sustainable milk protein production, which could lead to advancements in food technology and enhance the company's reputation in sustainable practices.
The funding award for FGen AG by the EIC is a positive development for Ginkgo Bioworks, indicating progress in sustainable biotech solutions. This could attract investor interest in DNA due to the growing demand for sustainable food production technologies and the potential for new revenue streams.
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