Public support from President Xi for cellular agriculture and synthetic dairy last year was a positive move, but China has never been the first one in the world to approve novel agrifood technology, writes Chinese agrifoodtech VC Bits x Bites.
With the largest population in the world and as one of the largest agricultural economies in the world, China represents a major opportunity for startups
“Unless companies can solve supply chain issues and produce more food using novel tech, I don’t think the Chinese food industry will change tremendously,” Temasek’s Anuj Maheshwari told delegates at 2050 China Food Tech Summit.
With its irresistible market size and a growing appetite for healthier food options, a fertile ground for global startups is forming for meat alternatives in China.
Here the team from Bits x Bites, China’s first accelerator VC to invest in early-stage food tech startups, gives us a snapshot of the China food tech startup scene.
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