Monday, May 20, 2024

Denmark’s $195 million plant-based fund receives overwhelming number of applicants

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More than 100 applicants from industry, start-ups and research centers applied to receive Danish funding to promote plant-based protein production in the country.

In 2021, the Danish government approved a climate change agreement that includes the European Union’s largest investment in plant-based research and development, aiming to reduce emissions from the country’s food system.

According to the European Association for Plant-Based Foods (EAPF), a group of organizations working on plant-based value chains, livestock farmers in the European Union receive 1,200 times more public funding than the plant-based food sector.

The Scandinavian country has set aside a total of $195 million by 2030 for what is now colloquially called “Plantevonden.” A portion of this grant will be allocated to farmers and businesses with innovative ideas, plus $11.7 million annually in funding to support the global transition. plant-based foods.

The newly established Plant Foundation will hold its first call for applications by the end of August this year, with projects competing to win an initial $195 million in grants.

Marie-Louise Boysen-Rendal, president of the Foundation, said the Foundation had received 101 applicants and said: “We are pleased with the tremendous interest in the Plant Foundation and, along with the rest of the Board, we would like to thank all I look forward to reading through the entries.” The ministry conducted an initial review and found that “only” 97 cases were eligible for the fund.

This first round would have distributed $8.35 million, but according to the Department of Food, Agriculture and Fisheries, the total amount requested to satisfy the 101 applicants is equivalent to $29.4 million, so everyone should be eligible for that share. It is said that it is not possible to accept the division. Grant.

The Plant Foundation board is currently undertaking the long task of reading through 100 applications and selecting the best ideas. The main criteria for this first round of selection will focus on promoting demand in public and private food services such as canteens, promoting supply and increasing exports of these foods.

This year’s applicants will know by the end of November whether their project has been selected for the grant.

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