Meanwhile in France, lawmakers are proposing a ban on cultivated meat, calling that alternative protein “junk food”
Plus: ProfilePrint raises Series B funding & Vow gets a regulatory nod for cultivated quail.
Food delivery is not the only restaurant tech category out there, but it’s been the most prominent over the last decade.
Milano Vice scoops up $9 million for pizza delivery and Clever Carnivore raises $7 million for cultivated pork.
As COP28 kicks off, other agrifoodtech news includes fundraises for aquatech startups and new stats about agriculture emissions.
Food security is top of mind in Singapore, which imports most of its food, but are policymakers connecting it to climate change?
Plus, sugar refiner Nordzucker will invest more than $100 million into plant-based proteins.
Plus: Grow-NY winners announced and Le Fourgon raises new capital to reuse old containers.
Global investment in AgFunder’s ‘Innovative Food’ category (which is dominated by alt proteins) fell by 39% in 2022. However, funding increased by 26% in the Asia-Pacific region. So what should we make of this dynamic?
The Middle East, Africa and South Asia have many ties between them that create a huge market opportunity for agrifoodtech.
Two years ago, investors were throwing money at alt protein startups. Today, the environment is way more challenging.
Precision fermentation might make commercial sense for high-value ingredients such as enzymes or lactoferrin. But what about low-value, high-volume ingredients such as casein proteins?
Instead of using black soldier flies for feed and fertilizer, Singapore-based Insectta hopes to expand their applications to everything from personal wellness and pharmaceuticals to organic electronics.
Bioomix announced funding for its microbial ag solutions and Doritos is on a mission to silence its chips.
Asia-Pacific Ag Biotechnology startups raised $813 million in 2022, making it the top-funded upstream category for the year.
Overstory banks new funding to monitor vegetation with satellites, FarmInsect raises capital to turn insects into livestock feed.
Asia-Pacific has long been a hotbed for agrifoodtech innovation; the recent decline in VC funding isn’t likely to change that.
Everyone agrees that the cost of cell culture media has got to come down dramatically if cultivated meat is going to gain market traction. But what’s the most efficient way to do it?
Plus: eFishery expands to India, California bans four ingredients, and Indonesia has a new agbiz marketplace to watch.
From low pressure hydroponics to customized enzymes, 30 agrifoodtech startups will showcase their wares at the Asia-Pacific Agri-Food Innovation Summit in Singapore, Oct 31-Nov 2.
