Canadian investment platform CULT Food Science Corp. has completed a strategic investment in Novel Farms, a cell-cultured meat company based in California.
Novel Farms Receives $999,967 NSF Grant to Elevate Cultivated Meat Production
Novel Farms, Inc., a Berkeley-based food technology startup, has secured a significant Small Business Innovation Research (SBIR) Phase II grant from the National Science Foundation (NSF). Valued at $999,967 over two years, this grant recognizes Novel Farms’ contributions to the cultivated meat production field, particularly its proprietary scaffolding platform. The platform employs microbial fermentation and tissue engineering techniques and aims to revolutionize cultivated meat production by slashing production costs. Novel Farms claims its technology enables it to produce the marbling and texture of real muscle cuts combined with the ability to scale more efficiently than other cultivated meats due to its highly customizable scaffolds. Dr. Nieves Martinez Marshall, CEO of Novel Farms, commented, “We are proud to be rooted in fundamental research and are grateful …