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Belfast nutrition company push crowdfund cash drive

By Staff Reporter

Published 30/03/2016

Founder: Richard Horton
Founder: Richard Horton

Belfast nutrition and food technology firm Carritech Research is hoping to raise money through crowdfunding to expand its new baking methods.

The firm, which was set up by Dr Richard Horton, has developed ColdBake, a process enabling baked goods to be produced so that nutrients such as bioactives and Omega 3s are preserved.

The baking process usually kills many nutrients, but ColdBake creates biscuit and snack products at body temperature, although they appear and taste like they have been baked.

Now, the company has launched a campaign on the crowdfunding website Seedrs.

The company said it hoped to raise £350,000 in equity funding to develop ColdBake commercially and progress licensing negotiations with manufacturers.

Carritech added that the technology opened up opportunities to create new functional foods such as nutritional supplements which would appeal to children, as well as vitamin-packed biscuits for older people.

The company is currently in discussions with manufacturers in the food and pharmaceutical sectors including bakery, breakfast cereals, sports nutrition and medical products.

Seedrs is a major crowfunding platform said to help around 10 companies raise a total of £1.6m every month.

Belfast Telegraph

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