University of Toronto · Feb 2026
Recent University of Toronto feature on ALT TEX; says Avneet Ghotra is co-founder and CTO and that the startup has raised more than $4.5M, with early support from ICUBE and SpinUp.
Biodegradable and carbon neutral textiles, engineered from food waste.
Company research
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Overview
ALT TEX is a Toronto-based biomaterials startup developing a food-waste-derived polyester alternative for the fashion industry. Its core pitch is a plug-and-play, biodegradable, cost-competitive fabric that behaves like polyester while using fermentation and existing polyester manufacturing infrastructure.
Primary product
Food-waste-derived biodegradable polyester alternative fabric
Founded
2020
Headquarters
Toronto, Ontario, Canada
Team size
10-20
Industry
Biotechnology Research
Sub-industry
Biomaterials / sustainable textiles
Offices
100 College St, Toronto, Ontario, Canada