Innovative food tech leader OSY Group has secured new financial support to drive its global expansion efforts for its cutting-edge technology that enhances the shelf-life of fresh produce and reduces wastage.
Through a substantial grant from Innovate UK Business Growth under its Global Explorers Programme, OSY Group plans to leverage partnership opportunities and conduct research to enter markets in Europe, Australia, New Zealand, Canada, South Africa, Singapore, Hong Kong, and other Asia-Pacific countries with its revolutionary antimicrobial packaging coating technology, Xtend.
Xtend, which extends the freshness of food items like fruits and vegetables by puncturing and eliminating microbes on packaging surfaces, has undergone rigorous testing in the UK to ensure compliance with food safety regulations for fresh produce.
The company is poised to introduce Xtend to the UK and global markets in the coming months after raising £1m from investors to support its development. Located near Manchester Airport at the Manchester International Office Centre, OSY Group aims to accelerate its research and development projects with the additional funding from Innovate UK.
OSY Group CEO Marc Braterman expressed excitement about the support from Innovate UK, stating, “Our technology addresses the global issue of food wastage, and this funding will fuel our R&D efforts to explore new markets and climates for Xtend’s application across various food items.”
Braterman further elaborated on the company’s plans to expand its product range to include meats, fish, poultry, and bakery items, emphasizing the importance of reducing food waste and greenhouse gas emissions on a global scale.
The collaboration with Innovate UK through the Global Explorers Programme is part of OSY Group’s strategy to form commercial partnerships and conduct research projects overseas to enhance its presence in international markets.
Andreas Johansen, a senior innovation and growth specialist at Innovate UK Business Growth, praised OSY Group’s innovative approach and commitment to exploring overseas opportunities, highlighting the organization’s involvement in supporting the company’s research and innovation initiatives.
