Cultivated meat consolidation begins as UMAMI Bioworks to merge with Shiok Meats
Shiok Meats, which had raised more than $30m since 2018, couldn’t see a clear path forward under its own steam.
Shiok Meats, which had raised more than $30m since 2018, couldn’t see a clear path forward under its own steam.
“It is more likely than not that a CRISPR-enabled cell line will ultimately be necessary [for profitable production at scale],” says Eat Just CEO Josh Tetrick.
Ai Palette has developed an end-to-end platform enabling clients to identify trends, generate new product concepts and screen them at the click of a button, aided by a new conversational chatbot called FoodGPT.
Funding for cultivated meat peaked at $989m in 2021, dipped slightly to $807m in 2022, then dropped sharply to just $177m in 2023.
Who will fund cultivated meat facilities if VC funds are no longer willing to stump up cash for capex projects?
AgFunderNews catches up with two players in this nascent field: Dr. James Petrie at Australian startup Nourish Ingredients, and Dr. Yulin Lu at US startup Yali Bio.
As part of GROW’s 2024 program, which kicks off in April, 10 founders will receive a $100k cash investment from AgFunder, introductions to its global network of co-investors, and mentorship and support from Singapore-based agrifoodtech accelerator, GROW, over a five-month period.
Meatiply’s focus on the production of complex value-added compounds using animal cells will allow it to create cultivated meat products with added health benefits, claims the startup.
Investors were pushing cultivated meat startups “to grow as quick and as big as possible while the technologies were not yet mature enough,” says Aleph Farms CEO Didier Toubia.
Food security is top of mind in Singapore, which imports most of its food, but are policymakers connecting it to climate change?
Entobel says it will demonstrate that “it’s possible to produce industrial volumes of insect protein at a competitive cost… and we expect this factory will be profitable early next year.”
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?
Red seaweed (Asparagopsis) is widely recognized as one of the most effective tools for reducing methane production in ruminant animals. The challenge is growing it at scale.
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.
With Beyond Meat mulling a restructure of its operations in China due to lackluster demand, we caught up with investor Tao Zhang to get his take on the alt protein market opportunity in China.
If you’re mid-way through a pitch and investors still have no idea what your startup actually does, you’ve got a problem, say investors we quizzed this week…
Areas of interest include sustainable packaging, fermentation, agriculture biologicals, crop disease resistance, soil health and regenerative agriculture.
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.
What is Eat Just? A foodtech pioneer attempting to disrupt not one, but two huge addressable markets, or a “house of cards built on one individual’s ability to separate people from their money?”
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International Fresh Produce Association launches year 3 of its produce accelerator