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ACCELERACE NEWS

2021-02-04

Accelerace invests in YooNoon

Accelerace recently invested in YooNoon, which turns cassava waste into nutritious protein. YooNoon is a part of the first cohort of the Beyond Beta accelerator.

YooNoon is extracting proteins for livestock feed from cassava leaves in an environmental and sustainable way and has the potential of substituting proteins from soya. Imported soya has a huge environmental impact as it causes deforestation and damages to the rainforest. YooNoon foresees great potential in converting, what is today considered waste, into a sustainable source of nutrition while simultaneously empowering the local communities of Ghana and neighboring countries.

“With the technology from YooNoon, we have a chance of reducing the environmental footprint in agriculture quite substantially and at the same time create a fast growing Danish startup. We are therefore very proud to have YooNoon as part of the Accelerace family, both as a current participant in our Beyond Beta accelerator and as a startup we recently invested in”, says Peter Torstensen, Managing Partner and CEO at Accelerace.

Watch Jesper Lacoppidan, Managing Director and co-founder of YooNoon, discuss their future plans of extracting proteins for human consumption and building a factory in Ghana in TV Midtvest here.

 

About Accelerace:

Since 2008, Accelerace has supported 800+ Danish and international startups, including Trustpilot and Templafy, made 65+ pre-seed investments and matched startups with industry-leading companies such as Tetra PakArla, and Elia. Accelerace is also responsible for the management of NOME (Nordic Mentor Network for Entrepreneurship), an elite mentoring program for Nordic startups within therapeutics, medical devices, diagnostics, digital health, and industrial biotech.

Accelerace Invest II is the largest Danish fund in terms of numbers of investments. By making approximately 30 new investments in pre-seed stage startups every year until 2023, the ambition is to be Denmark’s most aggressive early-stage investor.

About Beyond Beta:

Beyond Beta is Denmark’s top-tier accelerator program for promising startups with a demonstrated growth ambition, operated by Accelerace, the Danish Business Hubs (under the lead of Copenhagen Business Hub – Erhvervshus Hovedstaden), and Danish Design Center, who have combined their experience of working with 1000+ startups to launch this next evolutionary step of European accelerators.

The platform-based approach means that startups can kick-start their journey today by joining the 100% free, online pre-accelerator, which can be used as an on-demand toolbox to build for scale or as a first step into the core accelerator program.