GFI Report Explores Funding Landscape for Alt Proteins, Highlighting Challenges & Solutions
A new report by the Good Food Institute (GFI) has outlined the current funding landscape for alternative protein companies looking to scale from pilot to commercial manufacturing. Called Funding the Build, the guide describes how venture capital funding came to a halt after 2022 due to the tightening of US monetary policy and slowing plant-based meat sales. This means that many alternative protein companies looking to scale will need to find other sources of growth funding to overcome this industry bottleneck. Focusing on companies in the US market, the four-part report outlines possible solutions. Part 1 discusses the advantages and challenges of contract manufacturing as an alternative to constructing a self-owned facility, providing tips for companies considering this option. It also describes technology-specific considerations of …