It’s raising the insects on organic byproducts such as food waste, before converting them into proteins and oils for use in animal feed.
The Cambridge, UK-based company aims to recreate ‘upcycling’ in nature by feeding our food waste to fly larvae – which are then fed to livestock.
The Paris-based startup will supply insect protein to ADM’s pet foods division, to create “high-quality nutritional” products with “a significantly lower carbon footprint and land requirement.”
The UK startup will use its insect farms to turn food waste from Morrisons supermarkets into feed for hens to produce ‘carbon-neutral’ eggs.
It’s “an instrumental step in upscaling the European insect sector,” according to industry group IPIFF.
Novel Farming Systems – which includes CEA, aquaculture, and insect production – was the second best-funded agtech category last year, according to AgFunder.
Biteback is creating edible oils from mealworms, while Cellular Agriculture has designed a new type of bioreactor to bring down cultivated meat’s costs.
Ÿnsect will initially target the sports nutrition segment following the EU’s approval of mealworms as safe for humans to eat.
The Netherlands startup produces insect protein for a variety of channels, including its own brand of eggs laid by hens that eat its feed ingredients.
At full capacity, Beta Hatch’s new facility will produce one ton of insect protein every day. It is scheduled to open sometime in 2021.
It has just launched a burger made from house crickets plus a few plant-based ingredients; consumers couldn’t differentiate it from beef, the startup claims.
The French startup – which farms mealworms to produce ingredients for fish feed, pet food, and crop fertilizers – claims it’s the biggest insect protein round ever.
Dolly the Sheep creator Roslin Technologies is backing the Singapore-based startup and taking it to its new genetic research facility in Scotland.
NextProtein, a French-Tunisian startup working on new ways to produce insect-based animal feed and fertilizer, has raised €10.2 million ($11.2 million) in Series A funding,
The funding will be used to construct what it describes as the largest mealworm facility for animal feed in North America.
Novel farming systems saw a 37% increase in funding over 2018 as maturing companies raised larger rounds for the diverse segment.
