Estonian Govt Pumps $1.1M in Äio to Scale Up Yeast-Based Palm Oil Alternative for Cosmetics

Biotech firm gets €1m funding to develop yeast-based alternative to mineral oils

Estonian biotech company ÄIO said the funding will “accelerate development of safer and more sustainable alternatives to traditional oils used in cosmetics.”

ÄIO secures €1M to develop green alternatives to polluting oils in cosmetics

ÄIO, an Estonian biotechnology company developing sustainable, non-animal fats and non-vegetable oils through innovative fermentation processes, has secured €1 million in funding to accelerate development of safer and more ecological alternatives to traditional oils used in cosmetics and chemical industry applications.

Estonian Govt Pumps $1.1M in Äio to Scale Up Yeast-Based Palm Oil Alternative for Cosmetics

4 Mins Read Estonian startup Äio has secured €1M ($1.1M) in a government grant to speed up the development of its yeast-derived sustainable fat alternative, specifically for use in cosmetics. With the EU set to ban the import of products featuring deforestation-linked palm oil, food and personal care manufacturers are scrambling to find greener alternatives. One startup offering a solution is Äio, which uses specialised yeast to turn wood and ag…