Chitofun Biotech AS has been started with the basis in an internationally renown research group BioSpec Norway at the Faculty of Science and Technology at the Norwegian University of Life Science. The company aims to commercialize a novel innovative technology to produce next generation vegan chitosans by fungal fermentation combined with the at-line and on-line process control by vibrational spectroscopy. This approach offers a sustainable production of vegan chitosans by using renewable substrates based on by-products and rest materials from food and agriculture sector. The extraction of vegan chitosans is performed using green and safe chemo-enzymatic methods which fulfil the European REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals) regulation. The project will work on refining the strategy for the commercialization, including market research, and preparing the Woman TechEU application.