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Today Date : Wednesday, June 19, 2024

Sona Group signs JV with Australia’s Mycelium Biotechnology

Sona Group signs JV with Australia’s Mycelium Biotechnology

Sona Group and Australia’s Mycelium Biotechnology Group have signed an memorandum of understanding to set up a state-of-the art Mycelium research and production facility in Salem.
Mycelium Biotechnology is an Australian group is a global mushroom biotechnology group, Mycelium Biotechnology engaged in mushroom growing, global distribution and offering biotechnology and nutraceuticals solutionsusing mycelium and other extracts from Mushrooms.

MrChockoValliappa, Vice Chairman of The Sona group, “The partnership will leverage Sona Group’s research and innovation framework to add to the vast range of IP and patentable technologies.”

The 50:50 JV named as Mycelium Sona Biotech (MSB) has set up a research facility at Salem to focus on Nanotech Research, IP development, extract manufacturing, milling, bottling and eCommerce. Billed as one of the largest mushrooms laboratories in India at Salem with best Global Manufacturing Practices, MSB laboratory will research and grow high end mushrooms, extract Mushroom and Mycelium compounds, produce nutraceuticals that conform to FSSAI and FDA certification said, Mr William Scott, Chairman of Mycelium Biotechnology group.