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 …