Tag: Äio

Estonian biotechnology startup lands $2.25M grant for digital biofoundry R&D

Estonian biotechnology startup lands $2.25M grant for digital biofoundry R&D

September 3, 2026 |

In Estonia, ÄIO, an Estonian biotechnology company and applied research organization TFTAK have launched DigiFoundry 2.0 – Bioprocess Efficiency Increase via Digitalization (DF2.0), a three-year research and development project focused on developing next-generation technologies for microbial oil production. The project has received €1.94 million in funding through the Applied Research Program of the Estonian Business and Innovation […]

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ÄIO wins $1.4M for animal-free fats and oils

ÄIO wins $1.4M for animal-free fats and oils

December 22, 2025 |

In Estonia, ÄIO, a biotechnology company developing sustainable, non-animal fats and oils via fermentation, has been awarded a €1.2 million (US$1.4 million) grant from Enterprise Estonia to advance its new FERM-OIL project. Over the next three years, the project will take ÄIO’s Flavoured Fat, a lipid-rich yeast biomass with umami taste and functional mouthfeel, from […]

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Biotechnology startup ÄIO lands VC investment for oils and fats from wood and agricultural residues

Biotechnology startup ÄIO lands VC investment for oils and fats from wood and agricultural residues

October 9, 2024 |

In Estonia, biotechnology startup ÄIO has raised €6.1 million through venture capital funds Voima Ventures, 2C Ventures, SmartCap and Nordic Foodtech VC. The funds will be used to build a demo plant in Estonia to produce environmentally friendly oils and fats from wood and agricultural residues, offering an alternative to the widely used oils in […]

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Äio raises €6.1 million to scale sawdust-to-palm oil technology

Äio raises €6.1 million to scale sawdust-to-palm oil technology

September 30, 2024 |

In Estonia, foodtech startup Äio has closed a €6.1 million ($6.8 million) funding round to build a demonstration-scale, fermentation-based production unit converting crop and wood waste into palm oil and animal fats. Investors included Voima Ventures, 2C Ventures, Nordic Foodtech VC, and SmartCap Green Fund. “Providing sustainable alternatives to products such as palm oil or […]

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