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Substrate Lab focuses on mycelium-based alternative leather production for luxury fashion markets, with a mission to cultivate the future of textiles. The company plans to allocate $3.2 million in capital expenditures and projects significant revenue growth, reaching $19.5 million by Year 3. They aim to leverage proprietary technology and a lean operating model to achieve operational efficiency and break-even within 14 months.
- Author
- andy roines
- Language
- EN