The World Economic Forum recently announced its global list of 100 most promising ‘Technology Pioneers of 2022’ to recognize companies that are tackling issues in sustainability, climate change and healthcare for a better planet.
Proeon, an India based start-up that produces next generation plant-based proteins was featured in the list this year. Founded in 2018 by Ashish Korde and Kevin Parekh, Proeon is a food ingredients innovation start-up working on creating healthier, tastier, and more sustainable food solutions. The company creates high quality plant protein ingredients with superior nutritional, functional, and sensory properties, through intensive R&D.
The World Economic Forum’s Technology Pioneers are early to growth-stage companies from around the world that are involved in the use of new technologies and innovation that are poised to have a significant impact on business and society.
A total of 4 companies from across the globe doing path-breaking work towards creating sustainable food systems are a part of 2022 cohort of Technology Pioneers, Proeon being the only India-based start-up in this track. This year’s cohort has 31% representation from Asia, out of which 5 are based out of India.
“It’s great to be acknowledged as pioneer by the World Economic Forum. It confirms our efforts towards ingredient innovation and being at the forefront of disruption in plant-protein technology”, says Kevin Parekh, Co-founder at Proeon.
“Our vision is to make food that is sustainable and better for consumption for the population and the planet. India’s unique crop biodiversity has offered us the potential to leverage native sources like Mung bean, Indian Bengal gram and sustainable, climate resilient crops like Amaranth for their excellent nutritional values and functional possibilities to work as key ingredients for replacing animal origin proteins. Working with these sources, we aim to positively impact the lives of small-scale farmers by increasing incomes and reducing their market risks, and have a significant environmental impact in the face of growing climate concerns. We look forward to the forum dialogues on this challenge”, added Ashish Korde, co- founder at Proeon
Varun Deshpande, Managing Director, The Good Food Institute Asia, added “As we continue to contend with the threats of climate change, food insecurity, and public health crises, we can no longer afford incremental thinking. Transformative, paradigm-shifting technologies like alternative proteins are our best bet at building back better, and innovators like Proeon are showing that the next wave of smart protein pioneers are emerging from across the developing world. Ecosystems like India’s, with our unique opportunities and challenges, provide fertile ground for a more secure, sustainable, and nourishing food system through visionary business stewardship. We are delighted to work alongside partners like Proeon and the World Economic Forum community to build that future.”
Technology Pioneers are selected based on the community’s selection criteria, which includes innovation, impact and leadership as well as the company’s relevance with the World Economic Forum’s Platforms.