Aspire has “signed a term sheet” and is “working to close our financing at the end of the month,” says CEO David Rosenberg. “Demand still remains strong, but we have to scale up and produce consistently.”
Industrial-scale insect farming is not for the faint-hearted. So what business models make sense, and who is going to fund the next wave of facilities?
Technology that eliminates the earthy color, flavor and aroma of crickets could unlock new opportunities in human food markets, claims US-based startup Hoppy Planet Foods.
If crickets—which pack an attractive nutritional punch with a low environmental impact—are going to gain traction in the alternative protein market, two things must happen, says Aspire Food Group. Costs must come down and supplies of consistent, high-quality raw material must go up.
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