of India proon made it onto the World Economic Forum’s list of the 100 Most Innovative Technology Pioneers of 2022. The plant-based protein startup was recognized for its contribution to sustainability in the food system.

Proeon works to develop plant-based protein ingredients with excellent nutritional, sensory and functional properties. The company aspires to save more than 170 billion liters of water and 150 megatons of water CO2 emissions by replacing animal ingredients with plants.

Founded in 2018 by Ashish Korde and Kevin Parekh, Proeon currently works with mung bean, chickpea, hemp and amaranth proteins. Last September, the company raised $2.4 million in its seed round and said it will use the funding to set up a research lab in the Netherlands.

Farmed fish burgers from Avant
Farmed Fish Burger by © Avant

Alt Protein Technology Pioneers

Proeon isn’t the first alt-protein startup to be named a technology pioneer — last year, cultured seafood company Avant also received the Global Public Goods award. This followed the release of a 2019 World Economic Forum report that claimed plant-based meat alternatives could save lives through better health and environmental outcomes.

“We are excited to welcome Proeon to our 2022 Technology Pioneers cohort,” said Saemoon Yoon, Community Lead, Techology Pioneers, World Economic Forum. “Proeon and his companions Pioneers are at the forefront of industries critical to solving some of the world’s toughest problems complex issues today. We look forward to your contribution to the World Economic Forum in his coCommitted to improving the state of the world.”