NITN | @notintownlive | 22 Apr 2022, 07:16 am
Bengaluru: South India’s diversified Sona Group has forged a 50:50 joint venture with Australia’s Mycelium Biotechnology Group to set up a state-of-the art Mycelium research and production facility in Salem.
Mycelium Biotechnology is an Australian group known for pioneering innovative solutions to optimise human and planetary health, using mycelium and other extracts from Mushrooms, an abundantly available and sustainable natural resource.
As a global mushroom biotechnology group, Mycelium Biotechnology is engaged in mushroom growing, global distribution and offering biotechnology and nutraceuticals solutions through global partners.
According to Chocko Valliappa, Vice Chairman of The Sona group, “We are happy to forge the Mycelium Sona Biotech joint venture with Australia’s Mycelium Biotechnology, a research focused world leader in Mycelium based products and solution provider.
The partnership will leverage Sona Group’s research and innovation framework to add to the vast range of IP and patentable technologies.”
The JV named as Mycelium Sona Biotech (MSB) has set up a research facility at Salem to focus on Nanotech Research, IP development, Extract Manufacturing, Milling, Bottling and eCommerce. Billed as one of the largest mushrooms laboratories in India at Salem with best Global Manufacturing Practices, MSB laboratory will research and grow high end mushrooms, extract Mushroom and Mycelium compounds, produce nutraceuticals that conform to FSSAI and FDA certification.
“We see great opportunity in the Indian market moving forward. Sona’s background in health tech and research development is a perfect partnership for us to further advance our nano compound extraction IP.
The launch of the first MSB facility in Salem comes at the most opportune time soon after signing of the Free Trade Agreement between Australia and India” says William Scott, Chairman of Mycelium Biotechnology group.
With R&D, Business and Distribution centres located across Australia’s East Coast as well as manufacturing facilities in Wisconsin (USA), Mycelium Biotechnology owns scores of IP.
The bulk of this IP relates to cultivation methods and associated medium formulations for nearly 20 mushroom species, extraction processes of mushroom and mycelium biomass and formulations of mushroom extracts.
The medicinal mushroom industry is expected to grow exponentially as more and more of the 5.1 million mushroom species are researched.
The global fungi industry is forecast to exceed USD $86B by 2025, up from $53.7B in 2019. Growth will be powered in part by culinary demand, but an even larger driver will be rising adoption by the pharmaceutical industry.
Varieties such as Chaga, not ever seen on a dinner plate, are now in the supplement spotlight. www.thesonagroup.com
Some of the key portfolio companies expanding through the joint-venture include:
REMbiotics, one of the divisions of Mycelium Biotechnology, addresses the global issue of depression (MDD, TRD, PTSD) using specific mushroom mycelium bioactive compounds combined with Australian native bush foods for a beneficial and synergistic effect. www.rembiotics.com
Preotica is an evolutionary life sciences company that has been focusing on enhancing animal immunity and microbial health.
Utilising mycelium biotechnology extraction processes, the Preotica product has been able to produce some remarkable results, specifically in the poultry industry, aquaculture industry and for beekeepers across Australia. www.preotica.com.
Shroompac focuses on mushroom and mycelium-derived sustainable eco-packaging materials for industrial and consumer applications.
- Nirmala Sitharaman deserves compliments for prioritising higher education and skilling in Budget 2023-24: Sona Group of Education Institutions Vice Chairman
- Behala Art Fest: Do not miss this street art festival if you are in Kolkata for the weekend
- Kolkata Litfest: A tete-a-tete with eminent translators of Hindi and Urdu literature
- Sona Group of Education Institutions suggests doubling of allocation for education
- ESOPDhan budget expectations on vested ESOPs of unlisted firms
- Muskaan Litfest for child authors in Delhi stirs up India's budding storytellers
- Chiefs of services gather in Delhi winter to release book on India's valiant soldiers at Prabha Khaitan Foundation event
- Stubbornness made Dr. Ambedkar who he is: Shashi Tharoor
- 'Probashir Pronaam' tugs at the cultural heartstrings of NRIs
- Kolkata: West Bengal CM Mamata Banerjee inaugurates special exhibition at The Cathedral Of The Most Holy Rosary
Indian carrier IndiGo has announced exclusive flights between Bengaluru to Kolhapur, and connecting flights via Bengaluru from Coimbatore to Kolhapur, effective Jan 13, 2023.
Qantas, the national airline of Australia, created history on Sep 14 when QF 67 took off from Sydney’s Kingsford International Airport to touch Bengaluru, the southern Indian city famously known as ‘The Silicon Valley of The East’, completing the non-stop flight in less than twelve hours.
Bengaluru: Hong Kong’s home airline will start twice-a-week direct flights from Bengaluru to Hong Kong and beyond from Oct. 11.