Estonian Govt Grants €1M to Äio for Sustainable Fat Development

Estonian startup Äio has secured a €1M ($1.1M) government grant to enhance its yeast-derived sustainable fat alternative for cosmetics. This funding will support a €1.8M ($2M) R&D project aimed at developing fermentation-derived lipids, addressing the EU’s impending ban on deforestation-linked palm oil.

Original excerpt: Äio has secured €1M ($1.1M) in a government grant to speed up the development of its yeast-derived sustainable fat alternative…

Source: Green Queen