Chile’s Luyef Receives $1.25M to Develop Nutrients for Cultivated Meat Using Fermentation and Agro By-Products
Luyef (previously Luyef Biotechnologies), a biotech startup focused on cellular agriculture based in Santiago de Chile, has received two substantial grants totaling $1.25 million to accelerate cultivated meat production (detailed information about the grants below). The Ganesha Lab, LATAM’s global biotech scale-up for science and technology-based startups, announced the investment. Kris Blanchard, a biotechnology engineer from the University of Chile, co-founded Luyef in 2020, participating in The Ganesha Lab’s accelerator program in 2022. Luyef is developing technologies to scale cultivated meat production at industrial levels and uses precision fermentation to produce animal proteins. The company is commercializing a bovine myoglobin ingredient (heme) branded as TAMEE (The Authentic Meat-Eating Experience), designed to enhance the taste and color of plant-based and cultivated meat products. According to Pitchbook, other …