Still Good receives support from the Fondaction Circular Economy Fund

Montreal-based Still Good obtains financial support from Fondaction to increase its production, which helps reduce food waste.

Still Good, which is based in the Plateau-Mont-Royal, obtains $ 500,000 from the Circular Economy Fund, launched last March by the Foundation. This is also the first investment of this fund.

In addition to increasing its production, this investment will allow it to double its number of employees, from 25 to 50.

Still Good offers snacks that are made from ground spent grain from Montreal microbreweries. The spent grain is a residue of cereals giving a grind with nutritional properties superior to flour, it was explained Thursday, in a press release.

The company also recovers fruit pulp, which is used in the composition of pastry products.

“This contribution will allow us to process 50 times more ground spent grain annually than is currently done, to market it in addition to using it for our own production,” said Still Good co-founder Jonathan Rodrigue. .

Eight percent of global greenhouse gas emissions are generated by food waste, it has been put into perspective.

“Food waste is a global problem that can only be tackled effectively at the local level,” he added. By completing our Montreal presence in this way, we believe we can create regional units elsewhere in Quebec in the medium term. ”

“The circular economy is at the heart of Still Good’s business model, their packaging is eco-responsible while their operations are zero waste,” said Claire Bisson, Deputy Head of Investment at Fondaction.

“This is a real impact investment that will further reduce food waste by supporting the growth of the company, also allowing it to double the number of jobs,” she continued. In addition to eco-responsible practices, we are also sensitive to the educational approach that this young team advocates, since it is developing projects in schools to inform and democratize the concept of circular economy. ”

Founded in 2017, the agrifood manufacturer in the circular economy will also benefit from technical support from the City of Montreal through Synergie Montreal as well as a grant from RECYQ-QUÉBEC.