Rich Dillon, CEO Ivy Farm

Rich Dillon © Ivy Farm

Op Ed: Rich Dillon, CEO, Ivy Farm – What We Need From the New Labour Government

In the UK, a Labour government is now in power for the first time in 14 years. Change is on the horizon in terms of food policy and approvals in the country, which has just recorded its first decrease in meat production in over a decade, and where experts predict a radical dietary shift over the next 30 years. “From lab-grown meat to vertical farming, the future of food is set to revolutionise how we eat,” said Bob Doherty, Director of FixOurFood and Dean of the School for Business and Society at the University of York. UK-based Ivy Farm, positioning itself as “leading the UK’s cultivated meat revolution”, anticipates upcoming regulatory approval in the UK and expects its cultivated sausage meat to be available to …

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Governor JB Pritzker of llinois

Governor JB Pritzker ©illinois.gov

$51 Million Federal Grant for Precision Fermentation Hub to Drive Innovation, Growth, and Job Creation in Illinois

The Illinois Fermentation and Agriculture Biomanufacturing (iFAB) Tech Hub has secured approximately $51 million in federal funding from the US Economic Development Administration (EDA) as part of the Biden-Harris Administration’s Tech Hubs Program. The grant, which will support significant infrastructure expansions, aims to position Central Illinois as a global leader in biomanufacturing, promoting economic growth, job creation, and national security. The iFAB is supported by Innovate Illinois, a strategic initiative by Governor JB Pritzker and co-chaired by the University of Illinois Chancellor Robert J. Jones. Led by the Integrated Bioprocessing Research Laboratory (IBRL) at the University of Illinois Urbana-Champaign, it has secured over $680 million in cash match and strategic investments, demonstrating robust backing from multiple stakeholders. Governor JB Pritzker said, “Thanks to this $51 …

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Inditex, Owner of Fashion House Zara, Invests in GALY’s Cultivated Cotton from Plant Cells

Spanish multinational clothing company Inditex, owner of Zara and Massimo Dutti, among other fashion brands, has announced a minority stake investment (the sum has not been disclosed) in GALY, a Brazilian and US biotech producing cultivated cotton from plant cells. GALY was founded in 2019 by Luciano Bueno, a former Deloitte executive. The startup has raised over $33.5 million from notable investors such as Sam Altman, former president of Y Combinator and current CEO of OpenAI, John Doerr from VC Kleiner Perkins, and investment funds such as Material Impact, Agronomics, and Brinc. According to Reuters, Inditex CEO Oscar Garcia Maceiras says the move aligns with the company’s goal of using 25% new-generation materials by 2030. Inditex has already invested in the sustainable material companies Findland’s Infinite …

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Cultivated Steak Tartare ©Mosa Meat

Hungarian Council Presidency Tells EU That Novel Foods Are a Threat to European Food Traditions

The Hungarian Council Presidency has invited EU agriculture ministers to discuss the impact of novel foods such as cultivated meat and plant-based foods on European food traditions. According to Euractiv, the presidency sent a note to EU delegations saying that meat and dairy consumption is an important part of the “European way of life”, implying that plant-based or cultivated alternatives could pose a threat to European culture. The note also claimed that many Europeans are not enthusiastic about novel foods, despite increases in plant-based food consumption. The subject will be discussed by ministers over lunch at the Agriculture and Fisheries Council meeting next week. It comes amid a controversial start to Hungary’s turn at holding the EU council presidency, which rotates every six months. With …

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Cultivated seafood startup Umami Bioworks and India’s IKP Knowledge Park, a premium Science Park and Incubator India, have announced a partnership to accelerate the production of cultivated seafood.

© IKP Knowledge Park

Cultivated Seafood Pioneer UMAMI Bioworks Sets Foot in India with IKP Partnership

Cultivated seafood startup UMAMI Bioworks, (previously Umami Meats) has announced a partnership with India’s premium Science Park and Incubator, IKP Knowledge Park, to accelerate the production of cultivated seafood. IKP has recently established the Centre for Smart Protein and Sustainable Material Innovation in Bangalore, which facilitates core R&D, innovation, collaboration, and knowledge exchange for the smart protein sector. At the centre, UMAMI Bioworks’ team in India will lead the engineering and validation of the company’s plug-and-play manufacturing hardware, supporting tech transfer from their demonstration line to customer sites. Deepanwita Chattopadhyay, Chairman and CEO of IKP Knowledge Park, welcomed UMAMI Bioworks and expressed excitement about the novel technology platform it brings to the smart protein ecosystem. She shared, “This collaboration will not only accelerate Umami’s growth …

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Meatable, a Dutch producer of cell-based pork meat, has become the first company to hold an officially approved cultivated meat tasting in the European Union and the first in the Netherlands.

Image courtesy of Meatable © Bart Maat

Austrian Agriculture Officials to Use Negative Survey Results to Advocate Against Cultivated Meat

A study commissioned by Austria’s Chamber of Agriculture and Forestry in Carinthia (a southern region in the Alps and and least densely populated state), found that 90% of respondents are unwilling to eat cultivated meat regularly, 72% expressed health risk concerns, and 82% even want to ban the technology. The survey questioned over 800 people aged 16 and older, and, according to Deputy Governor Martin Gruber (ÖVP), participants were informed neutrally and objectively about the production process before being asked whether they would consume “lab-grown” meat. “This vehement rejection is a confirmation of our fight against laboratory meat, plain and simple. It’s about preventing this fake meat on the EU market,” Gruber told local media. Siegfried Huber, President of the Carinthia Chamber of Agriculture, said, …

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Foray Bioscience Raises $3M to Restore Forests With Plant Cell Culture Tech

Boston-based Foray Bioscience, a startup leveraging plant cell culture to restore forests and, thus, secure plant supply chains, has raised $3 million in seed funding led by the Australian VC ReGen Ventures. Other participants, including Engine Ventures, Susquehanna Sustainable Investments, Understorey, Superorganism, and additional investors, backed the biotech in this round, bringing its total to $3.875 million. With a background in plant-based materials research from MIT and Draper Laboratory, Dr. Ashley Beckwith (CEO) founded Foray Bioscience in 2022 to build biomanufacturing tools to protect and restore the natural ecosystem. Beckwith says that nearly 40% of assessed plant species face extinction and points out that more than 16 million acres of forest, an area larger than West Virginia, were lost worldwide only in 2022. With the new capital, the startup will expand its predictive …

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Solvable Syndicate

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Investment Climate Podcast: Steve Simitzis of Solvable Syndicate – How to Get Funded in 2024

In this podcast series, co-produced by vegconomist, Alex Shandrovsky interviews investors about benchmarks for funding Alt Proteins in 2024 and uncovers the investment playbooks of successful Climate Tech CEOs and leading VCs. Podcast Host Alex Shandrovksy is a strategic advisor to numerous global food tech accelerators and companies, including alternative proteins and cellular agriculture leaders. His focus is on investor relations and post-raise scale for agrifood tech companies. Episode 07: Steve Simitzis of Solvable Syndicate  In this episode, Alex talks to Steve Simitzis, Partner of Solvable Syndicate which invests in early-stage food tech startups from pre-seed to Series A, with a focus on companies promoting human and planetary health. Steve explains the benefits of syndicates for both founders and angels, shares insights into the current …

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bluu seafood cultivated salmon served on a black plate with lemon rinds

Bluu Seafood's cultivated sashimi © Bluu GmbH/Wim Jansen

New Food in Europe: CellAgri Portugal to Host Key Conference, Cellular Agriculture Europe Welcomes 12 Members

CellAgri Portugal, the country’s association for the development of cellular agriculture, announces its 2nd International Conference on the 4th and 5th of October at Fórum in Lisbon. The abstract submission deadline for interested collaborators is the 30th of July 2024. The conference aims to bring together leading scientists, entrepreneurs, and industry experts to explore the latest advancements in the field, from cultivated meat and seafood to leather and precision fermentation ingredients. Building on the success of its inaugural edition, CellAgri Portugal has organized a dynamic program featuring a lineup of renowned keynote speakers including: Dr. Sebastian Rakers, co-founder of the German cultivated seafood company BLUU Seafood Dr. Marianne Ellis Bath University’s CARMA – Cellular Agriculture Manufacturing Hub Dr. Elliot Swartz, principal cultivated meat scientist at the …

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10 Molecular Farming Startups Transforming Everyday Plants into Protein Powerhouses

Today, we bring you a roundup of molecular farming startups transforming plants into biofactories to produce alternatives to animal proteins, pigments, next-gen sweeteners, and growth factors. Plant molecular farming, an additional production approach to plant-based, cultivated, and fermentation, promises unlimited and cost-effective ingredients for food and other industries. Since it doesn’t require expensive infrastructure and bioreactors — only the magic of plants and bioengineering —  existing greenhouses and fields can become ingredient factories, ensuring a straightforward industrial scale-up and competitive prices. Each of the following startups has chosen a plant as its production facility: 1. VelozBio, Mexico: Discarded  fruits VelozBio, a startup based in Monterrey founded in 2020,  claims to have developed the world’s fastest protein design and development platform. VelozBio produces high-value proteins, including casein, by expressing target …

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CULT Food Science

© CULT Food Science

CULT Food Science Pens Open Letter to Florida Government Opposing Cultivated Meat Ban

Cellular agriculture investment firm CULT Food Science Corp. has published an open letter to the Florida Government expressing the company’s opposition to the state’s ban on the sales of cultivated meat. “The notion that this meat is fake or unhealthy is simply wrong,” urges the letter. This May, Governor Ron DeSantis made Florida the first US state to impose a ban on cell-cultivated meat, with the signing of Senate Bill 1084, declaring: “We’re fighting back against an ideology that ultimately wants to eliminate meat production in the US and around the globe. In the State of Florida, we’ve put down the marker very clearly: we stand with agriculture.” He added, “Take your fake lab-grown meat elsewhere. We’re not doing that in the state of Florida.” …

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Kokomodo Creates Cultivated Cacao, Preserving Climate-Proof Supplies for the Future of Confectionery

Climate change poses a significant threat to the future supply of cacao (the unprocessed version of cocoa), with the majority of farmland predicted to become unfit for production by 2050. Recent severe weather events have negatively impacted cacao harvests in Ivory Coast and Ghana, the world’s biggest producers, causing significant shortages and high prices. But Kokomodo, a startup leveraging plant cell technology to “cultivate cocoa’s future” aims to ensure a stable, year-round cacao supply of sustainable premium cocoa. To do so, Kokomodo is developing a platform to produce cacao locally with cells and advanced bioreactors independently from land (deforestation), climate, and tropical regions. The startup, which operates a pilot-scale lab in Israel, not exactly a tropical country with cacao bean plantations, has already developed its first …

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Cultivated Biosciences on Investment Climate podcast

Investment Climate podcast

Investment Climate Podcast: Tomas Turner of Cultivated Biosciences – How to Get Funded in 2024

In this podcast series, co-produced by vegconomist, Alex Shandrovsky interviews investors about benchmarks for funding Alt Proteins in 2024 and uncovers the investment playbooks of successful Climate Tech CEOs and leading VCs. Podcast Host Alex Shandrovksy is a strategic advisor to numerous global food tech accelerators and companies, including alternative proteins and cellular agriculture leaders. His focus is on investor relations and post-raise scale for agrifood tech companies. Episode 06: Tomas Turner of Cultivated Biosciences In this episode, Alex talks to Tomas, CEO & co-founder of Cultivated Biosciences which has raised over $6 million, primarily through equity rounds, with a recent $5 million closed in January. Cultivated Biosciences focused on creating creamy emulsions from yeast-grown fats as a B2B ingredient for dairy-free alternatives. Tomas talks …

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6th Industrializing Cultivated Meat & Seafood Summit-banner

© Industrializing Cultivated Meat & Seafood Summit

6th Industrializing Cultivated Meat & Seafood Summit: 150+ Industry Leaders Gather in Boston to Chart Path to Commercial Viability

The 6th Industrializing Cultivated Meat & Seafood Summit, a conference that supports the industry across the value chain, has unveiled this year’s speakers and comprehensive program and opened registration for participants. It will take place in Boston, Massachusetts, USA, at the Hilton Boston from August 27th to 29th, 2024. The event will bring together 150+ C-Suite food tech leaders, CPG, innovation leads, and technology providers, including Umami Bioworks, the Good Food Institute (GFI), Green Circle Capital, the USA’s FDA, CellX, Vital Meat, Ever After Foods, Clever Carnivore, and Big Idea Ventures, among many companies and entrepreneurs working to decarbonize and create a more ethical food system. This year’s program will focus on creating a viable roadmap to achieve technical and commercial viability through data-driven technical, scientific, …

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Singaporean precision fermentation company TurtleTree announces a new commercial partnership for its flagship whey protein lactoferrin, LF+, with Strive, a F&B company specializin in bringing novel protein products to market.

Image courtesy of TurtleTree

TurtleTree & Strive to Launch Health-Focused Beverages Powered by Animal-Free Lactoferrin

Singaporean precision fermentation company TurtleTree announces a new commercial partnership with Strive Nutrition, an F&B company bringing novel proteins to market, for LF+, claimed to be the world’s first GRAS and vegan-certified animal-free lactoferrin. The companies will introduce two health-focused products in the USA by 2025: an immunity support beverage for adults and a ready-to-mix protein powder targeted for sports nutrition. According to the announcement, the collaboration aims to capitalize on the growing functional beverage market, where 83% of US consumers currently drink functional beverages as part of their self-care routine. The news follows TurtleTree’s first-ever commercial partnership to launch a functional espresso featuring LF+ with Cadence Performance Coffee. Fengru Lin, TurtleTree’s CEO, expressed her excitement about the partnership: “We are looking forward to supporting Strive …

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Spain’s MOA Foodtech, a B2B platform for alternative proteins and sustainable ingredients, announces the closure of a series A funding round led by the Dutch venture capital firm ICOS Capital.

Image courtesy of MOA Foodtech

MOA Foodtech Raises Funds to Scale AI-Driven Production of Highly Nutritious Microbial Proteins

Spain’s MOA Foodtech, a B2B platform for alternative proteins and sustainable ingredients, announces the closure of a Series A funding round led by the Dutch venture capital firm ICOS Capital. Notable investors ClaveMayor, Viscofan, SODENA, and Banco Sabadell also participated. Founded in 2021 in Pamplona, Navarra by Susana Sánchez (CSO), José María Elorza (CFO), and Bosco Emparanza (CEO), MOA Foodtech leverages precision fermentation, agrifood side streams, and AI to discover and deliver carbon-efficient microbial proteins and functional ingredients for the F&B industry. The financial boost aims to facilitate a comprehensive market launch targeting international customers. To do so, the company will expand its operations, including developing a commercialization strategy, production scale-up, and enhancing its AI platform, aiming to position itself at the forefront of sustainable …

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Cellivate Technologies' team

© Cellivate Technologies

Cellivate Technologies Wins $3.3M on Business Reality TV Show to Reduce Animal Slaughter Using Cells

Singapore’s Cellivate Technologies, a deep-tech startup developing cell-based solutions for cultivated meat, leather, and cruelty-free cosmetics, has emerged as the top winner of Channel News Asia’s (CNA) business reality show, The Big Spark. After competing with two dozen regional startups, Cellivate Technologies will potentially receive SGD 4.15 million (around $3.3 million) in funding from five venture capital companies, including Singapore’s Antler and Rigel-Farro Capital, which according to CNA, will support the cell ag startup with SGD 3.3 million. At The Big Spark, CEO and founder Dr. Viknish Krishnan-Kutty highlighted the topic of ethical meat consumption via plant-based and cell-based solutions. He said the funds would expand R&D, production capabilities, and the company’s team, adding a commercial unit for business growth. The problem of capital for …

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Dutch food tech pioneer Revyve to debut yeast-based egg replacer for plant-based burgers in Chicago

© Alessa Joseph - Image courtesy of revyve

Revyve Introduces “Super Clean” Yeast-Based Egg Replacer for Plant-Based Burgers at IFT First 2024

Dutch food tech company Revyve announces it will debut its high-performance, clean-label egg replacer designed to enhance the texture of plant-based burgers at IFT First 2024. The ingredient, made with Revyve’s yeast proteins, is said to mimic the functionality of egg whites (heat-set gelling, binding, and emulsification), delivering the sensory experience consumers expect in plant-based meat. According to the Dutch company, its egg replacer — the first to be available on a broad commercial scale — is sustainable, price-competitive, designed for easy use with standard processing equipment, and compliant with all international regulatory requirements. Edgar Suarez Garcia, Revyve’s CTO and co-founder, shares, “At Revyve, we have taken yeast functionality to the next level. Revyve offers exceptional heat-set gelling, binding, and emulsification. Burgers retain water and …

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South Africa’s Immobazyme, a precision fermentation company spin-off from Stellenbosch University, has raised $1.3 million in a recent investment.

© Immobazyme

South Africa’s Immobazyme Raises $1.3M to Boost Production of Precision Fermentation-Derived Proteins

South Africa’s Immobazyme, a precision fermentation company spin-off from Stellenbosch University, has raised $1.3 million in a recent investment round led by the University Technology Fund (UTF) with the participation of Innovus (University of Stellenbosch Enterprises). Immobazyme develops high-value proteins for various industries, including cultivated meat. The new capital will support the company’s production expansion, which includes doubling its current facility size and scaling its platform. This round brings its total raised capital to ZAR 24 million. “We’re incredibly grateful to all our investors and partners for recognizing the value and impact of our work. Daniel S., Wayne Stocks, and the rest of the team at The University Technology Fund (UTF), having you in our corner has been paramount to our success. A big thank you …

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matrix f.t.'s cultivated chicken nuggets on a plate with sauce and two strawberries.

© Matrix F.T.

Ohio Rep. Introduces Bill to Ban Federal Support for Cultivated Meat, Citing Threats to Health and Farmers 

Warren Davidson, a Republican Party member and US representative for Ohio’s 8th congressional district, has recently introduced the REAL Meat Act of 2024 to prohibit using federal funds for any activity related to cultivated meat, including research, production, promotion, and advertisement. Rep. Davidson argues that cultivated meat poses health risks and threatens the livelihood of traditional meat producers. He calls for federal action to ensure taxpayer money isn’t spent on what he terms an “inferior, experimental product.” The legislation would also ban using this cell-based meat in federal nutrition programs like the Supplemental Nutrition Assistance Program (SNAP). Rep. Davidson said, “Fake cell-cultured meat not only poses a health risk to the human body, but it also threatens the livelihoods of America’s hard-working ranchers, livestock farmers, and …

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