Beyond Food Inc receives funding to tackle food waste
A $950,000 loan from the federal government will enable Beyond Food Inc to incorporate clean technology into its food manufacturing process, which will help the company prevent fruits and vegetables from becoming food waste by transforming them into value-added nutritional supplements instead. The project will also reduce the company’s greenhouse gases and create up to 17 highly skilled full-time jobs.
Beyond Food Inc. is establishing a new manufacturing facility in Dartmouth, N.S. to scale-up its plant-based nutritional supplement production capacity. This will allow the company to rent its Nutrient Upcycle pods, which are repurposed shipping containers fitted with clean processing technology, to local grocers. The pods will enable grocers to dehydrate and transform thousands of dollars worth of late-stage fruits and vegetables into nutrient-dense powders. The powders will then be used as ingredients in value-added supplements manufactured and packaged at Beyond Food’s new facility in Dartmouth.
The Government of Canada provided two repayable contributions to Beyond Food Inc. through the Atlantic Canada Opportunities Agency (ACOA) Business Development Program (BDP):
o $500,000 to implement and launch a marketing plan to grow awareness of the brand, establish distribution channels and increase domestic and international sales.
o $425,000 to establish a modern production facility to manufacture and package nutritional supplements, to continue research and development on plant-based proteins, and convert food waste into high-value, high-quality products.
Dr. Darren Burke and TJ Galiardi established Beyond Food Inc. in 2017 to find an environmentally sustainable way to transform food waste into a viable product. It is the first company in the food industry to complete a full sustainable nutrition cycle, transforming surplus produce into a powder, which is then used to create a value-added product that is re-merchandised on grocers’ shelves. The company’s resulting product, TDF Sports Supplements, are available for sale nationwide.