Thought for Food founder and CEO Christine Gould said that since her competition looks for both impact and commercial viability, the finalists in the TFF Challenge offer much more geographic variety than other food and agtech competitions.
Christine Gould has been running the Thought for Food (TFF) Challenge and Summit for six years now. But this year a contest usually saturated with biotech and digital startups had an entirely different theme among its applicants.
Despite pervasive consumer disapproval, scientists and seed companies have far from abandoned GMOs as a subject of research and development and some new approaches using GM technology could address the more pervasive consumer concerns.
The term clean meat "unnecessarily criminalizes the meat industry and there’s no need for that," said Mark Post, cofounder of Mosa Meat and father of the cultured meat movement, after raising a $7.5m Series A round of funding.
While it was a positive first step that the FDA addressing the space, how it will play out is still uncertain as participants debated who should regulate the products, what it should be called, and how its safety will be determined.
Agtech companies offering IoT products to farmers have only scratched the surface of a market worth $4 billion in the US, which could be down to a lack of awareness and understanding of what’s available to them, according to a new report.
iBio uses highly automated indoor farming methods to manufacture pharmaceutical drugs and, according to Barry Holtz, president, it already has much of the technology that today’s food-growing indoor farms are just starting to develop.
These provisions include funding for a new USDA pilot project that will incentivize farmers, through payments, to adopt agricultural practices aimed at improving soil health and sequestering organic soil carbon.
Finless is focused on culturing higher-end species of fish like salmon and bluefin tuna and expects to be able to sell their product below market price of $100-$200 per pound for bluefin by the end of 2019.
The proclaimed dominance of technology over biology by this category of entrepreneurs has left some food safety experts concerned that consumers could be getting the wrong idea and startups may be drinking their own kool-aid.