Through extensive investments and public-private partnerships, Chile’s agribusiness industry has been able to leverage its experience in international markets, its modern infrastructure and its logistics capabilities to pave the way for the development of new innovative projects. With its support for Big Data and artificial intelligence, the country aims to maintain its international leadership and contribute to the food supply of the future.
As part of ProChile Global X, the Chilean government’s new accelerator program for startups and scale-ups, ProChile is highlighting the most groundbreaking agribusiness projects reaching the European market.
The Not Company
With its artificial intelligence-based algorithm called Giuseppe, The Not Company dissects the molecular characteristics of foods of animal origin and identifies equivalent molecules to reproduce their texture, aroma, taste and their functional properties from purely plant-based ingredients. Thanks to this technology, the start-up is currently producing a range of vegan alternatives for milk, sauces, ice cream and meat, and is working on the design of hundreds of other products.
The Not Company was recognized as part of the World Economic Forum’s Technological Pioneers 2020 program and was the first Chilean company to be included in the top 10 of Forward Fooding’s FoodTech500 index.
The Live Green Co
Using a similar molecular analysis model, Charaka, The Live Green Co’s algorithm, develops recipes for ready-to-eat mixes of pancakes or hamburgers made from purely plant-based ingredients that can be prepared by adding a little water. However, the company’s business model is not to market such products, but to license its software to large manufacturers of processed foods. With this technology, players in the agribusiness industry can find plant-based alternatives to effortlessly replace the synthetic or animal additives they traditionally use to make their products.
As part of ProChile Global X, the start-up has just been accepted into the German accelerator program RESPOND 2021 of the BMW Foundation Herbert Quand.
ProteraBio
By combining biotechnology and food engineering, ProteraBio has managed to develop a predictive algorithm that calculates millions of amino acid combinations and simulates patterns for the production of new, protein-rich plant-based ingredients that are safer, more economical, sustainable and healthier. Thanks to this technology, which ProteraBio hopes will revolutionize the global protein market, the company has just closed a $15.6 million investment round led by European venture capital firm Sofinnova Partners, which specializes in health and sustainability.
The Chilean agri-food sector is one of the most dynamic sectors of the Chilean economy, second only to copper in exports. With this commitment to technological innovation, the Chilean government aims to usher in a new era in its international strategy that goes beyond the export and import of products and services and aims to create synergies that can provide solutions to global problems.