Colorado Patent of the Month – May 2022
MycoTechnology, Inc., a Colorado-based food tech company, has set their sights on harnessing the power of mushrooms to meet the needs of the industry. Their solution is based on the natural processes of mushrooms. Mushroom mycelium act as a clean-up crew in nature, pulling out toxins from the soil and giving back nutrients to the plants. MycoTechnology harnesses this power to eliminate ingredient drawbacks, boosting flavor, and increasing nutritional value.
Recently, with this expertise, they have identified a new finally-derived sweet protein. This protein can be used to replace zero or even low-calorie sweeteners to create a more natural and nutritious solution. While there are seven previously discovered sweet proteins, these all have come from plants grown in tropical rainforests, meaning MycoTechnology’s truffle-derived sweet protein is the first of its kind.
Following discovery, the company began experimenting with how to treat and incorporate the protein into food to provide the sweet flavor without impacting shelf stability or freshness. This required testing of cloning, purifying, stability and more. They’ve found treatment of the protein is possible to achieve a sweetening product used in baked goods, frozen desserts, drinks, yogurts, and more while providing a healthier alternative.
Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.
Who We Are:
Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.
Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.