Project Notice |
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| PNR | 65474 |
| Project Name | FORMO (IEU GT2) |
| Project Detail | The project will finance the promoters research and development (R&D) activities and production capacity expansion related to substitutes of dairy and egg products based on precision fermentation. Objectives The aim is to contribute to deploy more sustainable animal-free cheeses using protein exudates from fungi. The project supports the Bioeconomy sector and is in line with the Invest EU Main Priority Areas (MPPA) under the Research, Innovation, and Digitisation Window (RIDW). Sector(s) Industry - Manufacturing Proposed EIB finance (Approximate amount) EUR 35 million Total cost (Approximate amount) EUR 73 million |
| Funded By | European Investment Bank (EIB) |
| Sector | Advertising & Media |
| Country | Germany , Western Europe |
| Project Value | EUR 73,000,000 |
Contact Information |
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| Company Name | FORMO BIO GMBH |
| Web Site | https://www.eib.org/en/projects/pipelines/all/20240101 |
