PROXY FOODS INC.

Feeding the Future

INNOVATIONS

OF THE WORLD

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INNOVATE® Washington DMV Edition

Washington, D.C., is a bustling food and beverage innovation hub. Proxy Foods Inc. stands out for its groundbreaking technology and profound mission to reshape how we think about and create food. Founded by Panos Kostopoulos, a visionary who migrated from Athens, Greece, with a dream to revolutionize food systems through biotechnology and artificial intelligence, Proxy Foods is more than a company – it’s a movement.

“As we strive to feed 8 billion people, it is imperative that we produce healthier, delicious, ethically sourced, and sustainable food through better recipes.”

Proxy Foods’ pursuit is straightforward, shares Panos: “We introduce Food & Beverage companies to the era of AI recipe formulation.”

Panos’s mission began with a pivotal moment that occurred during his chemical engineering studies, when he started living with Enzo, a Black Labrador. Influenced deeply by the companionship he felt with Enzo, he became dedicated to the advancement of animal welfare and food ethics, leading him to pivot his career towards addressing global food challenges. “Behind every product is a creation, and behind every creation, a recipe,” says Panos, underscoring the philosophy that drives Proxy Foods’ innovations.

Pioneering with AI in the Kitchen
Proxy Foods has developed a first-of-its-kind digital toolbox that leverages AI and Machine Learning to transform the food and beverage industry. This platform empowers R&D teams with tools for recipe generation and management, flavor, sensory, and cost analytics, nutritional value analytics, and more. By simplifying the complex, often cumbersome process of recipe formulation – which traditionally relies on slow, trialand-error methods – Proxy Foods enables companies to develop superior products with unprecedented speed and accuracy.

“Innovation amplifies the stature of these giants, enabling us to see even further,” remarks Panos, quoting Isaac Newton to highlight the transformative impact of their work. The company’s AI-driven platform is designed to meet the rapidly evolving consumer needs and trends, allowing for quick adaptation to market demands and exploring new flavor profiles.

Challenges Transformed into Opportunities
Despite the high failure rates of new food products and the extensive time typically required for development, Proxy Foods has set new industry benchmarks. “We are at the ideal moment to harness AI effectively, transforming data into insights almost instantaneously,” Panos states, emphasizing the readiness of the technology to make a significant impact.

The journey hasn’t been without challenges, but each hurdle has only strengthened the team’s resolve. Winning the first prize of $30,000 at Bark Tank, a prestigious entrepreneurship prize, marked a critical turning point for Proxy Foods, validating their innovative approach and attracting key investors and mentors like Ted Leonsis, a Greek-American billionaire who quickly became a guide and mentor to Panos.

Building a Sustainable Future
The core of Proxy Foods’ mission is to accelerate product innovation by empowering creators, changemakers, food and beverage companies to develop better recipes, faster. “As we strive to feed 8 billion people, it is imperative that we produce healthier, delicious, ethically sourced, and sustainable food through better recipes,” Panos explains. The focus on sustainability is not just about improving food production techniques but also about enhancing food’s nutritional quality and environmental impact.

This mission extends beyond the laboratory and into the global community. Proxy Foods is deeply embedded in the dynamic ecosystems of both Washington D.C. and Athens, contributing to local and international discussions on food sustainability and innovation. Proxy Foods is actively shaping the future of food through partnerships with educational institutions and participation in global food conferences.

A Global Impact Driven by Local Roots
The strategic position in D.C. offers Proxy Foods unparalleled access to networks of infl uential individuals, regulatory bodies, and a vibrant food scene that fuels continuous innovation. This location is fertile ground for developing groundbreaking products that address the myriad challenges facing our food systems today.

Panos concludes with a powerful message that encapsulates the ethos of Proxy Foods: “In this game of life on this moving blue rock, our wisest strategy is to maximize value for all stakeholders; to enhance the collective welfare of all living beings.” This statement refl ects the company’s commitment to innovation and underscores its broader vision. In this world, every recipe advances the well-being of all life and future generations.

Proxy Foods Inc. is not just innovating for today but is paving the way for a sustainable, ethically conscious future, demonstrating that the intersection of technology, vision, and values can transform industries and improve our world.

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