Burcon NutraScience Corp - Company Profile
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Business Description
Burcon NutraScience Corp (Burcon) is a biotechnology company, involved in producing plant-based proteins and ingredients for use in the global food and beverage industries. It also focuses on developing technologies for the extraction and purification of proteins in the field of functional and renewable plant-based proteins such as soy, hemp, pea, canola, and sunflower seed.
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R&D Overview
Burcon’s R&D focuses on exploring technologies to purify and extract food-grade premium protein ingredients from flax, sunflower hemp, and other plant-based sources. The company had designed and built analytical laboratory and semi-works production facilities for the development and production of proteins. It continues to develop and innovate protein ingredients that offer food and beverage product at a competitive edge in nutrition, function and taste. Burcon had developed several vegetable protein ingredients including 850 pea proteins, and three canola proteins and had 10,000 square feet of lab and pilot-scale production areas. The company carries out its research and development in Canada. As of March 2023, the company had 267 issued patents in various countries, 69 issued patents in the US and had 125 patent applications. In FY2023, the company incurred expenses of CAD1.8 million on R&D as compared to CAD0.4 million in FY2021.
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