The fourth edition of the industry report on NextGen materials by Material Innovation Initiative finds that close to $500 million was invested in the sector in the past year.
Biotechnology company MycoWorks has begun production of its leather-alternative material at its manufacturing facility — perhaps the world’s largest mycelium material operation — in the United States.
After years of research and development, biomaterials tech major MycoWorks is all set to supply millions of square feet of its flagship leather alternative ‘Reishi’ with the opening of a state-of-the-art facility in South Carolina this September.
Union, South Carolina, U.S.: On Monday, biomaterials technology company MycoWorks announced the opening date of the world’s-first commercial-scale Fine Mycelium production plant. Set to begin operating on September 20, 2023, the 136,000 square foot factory will employ more than 350 people, enabling MycoWorks to supply its luxury partners with...
Paris, France: On Thursday, biomaterials technology company MycoWorks announced three Reishi products and is unveiling performance breakthroughs in this revolutionary material made from Fine Mycelium. Founded in 2013, MycoWorks is marking its tenth anniversary this year with the launches of Reishi Doux, Reishi Natural, and Reishi Pebble. Each...
Even though a 10-year track from 2013-22 shows that capital invested in next-gen material sector continues with an upward momentum, the last year saw funding drop by almost 50%.
Emeryville, Calif., U.S.: Biotechnology company MycoWorks announced today its newest investor GM Ventures, the investment arm of General Motors Co., and their long-term agreement to co-develop Fine Mycelium materials for potential use in a range of applications within automotive design. MycoWorks’ collaboration with GM marks the exploration of its...
San Franciso, U.S. (19 July): Yesterday biomaterials innovator MycoWorks announced the commercial launch of the first fashion items made with its flagship mycelium material, Reishi. The Reishi Collection by luxury hatmaker Nick Fouquet includes the Reishi Boletus, Coprinus, and Morchella hats.
“We are elated that consumers can now wear and enjoy...