Onego Bio's path to Meating the Protein Challenge
As the Cleantech Scandinavia conference approaches on May 14 and 15 in Helsinki, a key focus will be the innovative ways in which impact investments are shaping the future of climate change mitigation. Laura Eriksson (née Toppinen) , Head of Brand & Communications at Onego Bio , will be a central figure at this event, discussing the crucial role of effective communication and investor relations in propelling environmentally focused startups towards success.
Laura will join a conference panel that will delve into whether impactful technological innovations, like those demonstrated by Onego Bio , actually attract more capital. The discussion will also feature insights from protein innovation leaders Eva Sommer of Fermify and Felipe Lino of Nosh.bio, along with input from Morgan Sheil of World Fund and Inka Uusitalo-Raoult of Strawberry Hotels. Moderated by Nick Catania of ClimatePoint , the showcase will open the Nordic Cleantech Pitch challenges and present Onego Bio as an honoree attendee from the 2022 competition in Oslo, Norway.
Groundbreaking Achievements
Onego Bio, a trailblazer in food technology, has recently celebrated a significant milestone with a $40 million Series A funding round, one of the largest of its kind in the Nordics. This funding is set to escalate the commercialization and scaling of Bioalbumen®, Onego Bio's pioneering animal-free egg protein produced through precision fermentation. This breakthrough ingredient is designed to offer a sustainable alternative to traditional egg products, boasting all essential amino acids and a high protein digestibility score (PDCAAS of 1.0), making it a perfect fit for a variety of food applications—from baked goods to meat alternatives (Onego Bio - animal-free egg white) (ArcticStartup).
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Communicating Impact
Laura plans to highlight the challenges and opportunities inherent in communicating the potential impacts of such technologies. She will discuss the need for consolidated sustainability frameworks that better support the unique conditions of startups and impact-driven companies. For instance, many investors are using their own reporting systems and methodologies that don't necessarily align with international standards or translate to different funds. This matters how Onego Bio frames their gigaton impact story with current stakeholders and outward to the world. Sometimes a great solution can actually fall short of proper appreciation by the investment community, so it is important for startups to understand these different perspectives to secure capital.
Accelerating Climate Change Mitigation
The Cleantech Scandinavia conference promises to be an enlightening forum for discussing how venture capital, corporate collaboration, and technological innovation can together accelerate the efforts towards mitigating climate change effectively. As we see from Onego Bio’s journey, aligning groundbreaking biotechnological advancements with robust impact quantifications and strategic communication is key to shaping a sustainable future.
Join us in Helsinki to be part of these crucial discussions that aim to redefine the landscape of cleantech and impact investment. Whether you are a stakeholder in the cleantech industry, an investor looking to support climate change mitigation ventures, or a professional keen on the evolving landscape of environmental impact in business, this panel will offer valuable perspectives to reflect upon.