The funding was led by the The University Technology Fund (UTF) and University of Stellenbosch Enterprises.
Immobazyme leverages precision fermentation technology to develop high-value protein ingredients.
Their product range includes growth factors for the burgeoning cell-cultured meat industry, enzymes like dextranase for the sugar industry, and food ingredients for the food and beverage sector.
With this funding boost, Immobazyme plans to double the size of its production facility and expand its capacity.
This investment highlights the growing interest in alternative protein sources and the potential of precision fermentation technology.
Immobazyme’s expansion plans position them to play a significant role in these developing markets.
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The United Nations Development Programme (UNDP) has partnered with African governments and private sector leaders to launch a groundbreaking initiative aimed at supercharging innovation and entrepreneurship across the continent.
Oyster Agribusiness, a pioneering agricultural technology startup based in Ghana, has raised $310,000 in funding in its latest investment round.
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