Australian biotech company All G Foods has been named Food & Beverage Startup of the year by the Food and Beverage Accelerator (FaBA) for its work in changing dairy protein production.
Hosted by FaBA and Uniquest, the University of Queensland (UQ) Entrepreneurship and Innovation Awards recognise the university’s most visionary and intrepid students, founders, and mentors with awards to coincide with World Entrepreneurs Day.
All G Foods has been recognised for its work in precision fermentation, which refers to programming microorganisms to produce specific functional ingredients — such as dairy proteins or fats — without the use of animals.
“This recognition reflects our team’s vision, technical expertise, perseverance, and commitment to transforming the food and beverage industry in Australia,” All G Foods said in a LinkedIn post. “We’re incredibly proud of what we have achieved and excited for what’s next.”
Head of Entrepreneurship at UQ, Nimrod Klayman, praised the winners for their ingenuity and contributions to Australia’s economy.
“We are proud to support these talented individuals and their innovative ventures,” said Mr Klayman. Their success is a testament to the entrepreneurial spirit of UQ.”
Hosted by the University of Queensland (UQ), FaBA is working closely with All G Foods on a four year, $4 million project to help the start-up commercialise its dairy proteins.
In addition to All G Foods, FaBA is also partnering with fellow Aussie biotechs Eden Brew and Nourish Ingredients to develop next-generation milk, cheese, and yoghurt proteins using precision fermentation. The accelerator has secured $50 million in federal investment for this project, with an additional $110 million to be invested by industry and research participants.
Earlier this year, All G Foods announced it had merged its plant-based division and Fenn Foods into a single entity, The Aussie Plant Based Co. The company said at the time that it always had one foot in the ‘deep-tech’ segment of precision fermentation and the other in the consumer-facing ‘plant-based meat’ business.
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