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Myra Arshad on the TechTO stage

Myra Arshad

Co-founder & CEO, ALT TEX

BiotechTorontoOn TechTO stages since 2026

Myra Arshad is co-founder and CEO of ALT TEX, a Toronto biotech that ferments landfill-bound food waste into a biodegradable alternative to polyester and sells the fabric to fashion brands. She founded it in 2020 with CTO Avneet Ghotra, went through Creative Destruction Lab, and did Y Combinator's Summer 2022 batch. She spoke at TechTO in February 2026.

On the TechTO stage ×1

First seen on the TechTO stage in 2026. Every talk is searchable — ask the archive about Myra

In their words

In my experience, YC was one of the most formative experiences in our founder journey. We did it in 2022, absolutely incredible experience. But would I recommend YC for every single founder? No, I absolutely would not.

TechTO, Feb 2026 · watch at 1:41

YC optimizes for very fast learning, very fast iteration and very fast speed to market. Hard tech optimizes for speed to research, speed to insight. Process over pivot.

TechTO, Feb 2026 · watch at 2:24

Traction is not universal. You are not going to have hockey sticks on your slide decks. Figure out what your traction points are, and spend your YC batch optimizing for that.

TechTO, Feb 2026 · watch at 4:15
A few quotes can’t cover everything Myra said on the TechTO stage. 1,600+ talks are searchable.Ask about Myra

Around the web ×1

Quick answers

What does ALT TEX make?

A biodegradable polyester alternative. A food-to-fabric fermentation process converts landfill-destined food waste into a bioplastic, then a fibre, then fabric sold to fashion brands.

Should a hard-tech founder apply to Y Combinator?

Arshad's answer at TechTO was: not automatically. YC is built for fast iteration and speed to market; deep tech runs on speed to insight. She said founders should apply at their maximum point of inflection, and define their own traction rather than borrowing software metrics.

Who founded ALT TEX?

Myra Arshad and Avneet Ghotra, in 2020. Arshad is CEO; Ghotra is CTO. They have worked together since high school.

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Maintained by TechTO · facts sourced and dated · last reviewed Jul 30, 2026