Upside

UPSIDE Foods FDA greenlight

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Cultivated, Cell-Cultured & Biotechnology

UPSIDE Foods Becomes First Company in the World to Receive FDA Green Light for Cultivated Meat

UPSIDE Foods, formerly known as Memphis Meats, just announced it has received approval from the US FDA for its cultivated chicken, marking the first time in the world a company has received a No Questions letter from the US FDA for cultivated meat, poultry, or seafood. “Before entering the U.S. Market, the food must meet other federal requirements,” states the FDA document, meaning that market entrance is not yet granted but is imminent. The products have been granted Generally Recognized as Safe (GRAS) status and once the FDA has obtained further evidence that the process is safe, it should issue a “no further questions” letter to the company. The move paves the way for the company’s path to market in the United States and brings …

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ProVeg cultured meat webinar

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Fairs & Events

ProVeg Webinar: Cultured Meat Communication 101

Food awareness organisation ProVeg International recently released a report on how the use of images impacts the public perception of cultured meat.  On 13th October, ProVeg will be hosting a webinar discussing the findings of that report, which is based on a survey of 750 people in the UK. The webinar, titled Cultured Meat Communication 101, is aimed at those looking to gain a better understanding of who the early adopters of cultured meat are, along with the key strategies to increase consumer acceptance levels. Joining ProVeg’s Mathilde Alexandre on the panel will be David Kay, Communication Director at Upside Foods and Nick Lin-Hi, Professor of Business and Ethics at the University of Vechta, Germany.  Earlier in the year, Upside Foods achieved Unicorn status after …

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UPSIDE Foods Chicken Taco

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Cultivated Meat

UPSIDE Foods Achieves Unicorn Status Following Largest Ever Fund Round in Cultivated Meat

UPSIDE Foods (previously Memphis Meats) announces a $400 million Series C round which included returning investors Cargill, Tyson Foods, and Bill Gates. UPSIDE says this is the largest round in the industry to date and brings its valuation to over $1 billion, thus achieving Unicorn status. The news closely follows Upside’s acquisition of Culture Decadence, producer of cultivated lobster. Pending regulatory approval, which is slated to take place in 2022, UPSIDE Foods says it intends to initially launch on the US market. The fresh funds will be utilised to expedite commercialisation, build a commercial-scale facility with a planned annual capacity of tens of millions of pounds of cultivated meat, and develop the supply chain for ACF Cell Feed – a cell media that the company …

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EPIC - described as world's most advanced cultivated meat facility

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Cultivated Meat

UPSIDE Foods Invites the Public Into “World’s Most Advanced Cultivated Meat Facility”

UPSIDE Foods, formerly known as Memphis Meats, has hosted a public tour of what it describes as “the world’s most advanced cultivated meat facility”. The company opened its 53,000 square foot Engineering, Production and Innovation Center (EPIC) in November, with the aim of being able to produce cultivated meat of any species. The facility was intentionally built within an urban community to increase transparency. Recognising that many consumers have concerns or misconceptions about cultivated meat, UPSIDE has decided to offer public tours to help raise awareness of the benefits. The first tour was hosted on March 7, featuring a walkthrough of the facility, a presentation about how cultivated meat is produced, and a meet and greet with founder and CEO Dr. Uma Valeti. Future tours …

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UPSIDE-Foods-Chicken-Hot-Dog

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Cultivated, Cell-Cultured & Biotechnology

UPSIDE Develops ACF Cell Feed, Bringing “Tremendous Benefits” for Animals, Planet, and Consumers

UPSIDE, formerly Memphis Meats, announces a major milestone towards making real meat without animals. The company has developed ACF Cell Feed – a cell media that is 100% animal component free. Upside states this “breakthrough brings tremendous benefits for animals, the planet, and consumer”. Last year, operating as Memphis Meats, the company received investments in excess of $180 million, including a Series B round of $161 million — the largest funding round in cell-based meat — with participants such as Bill Gates and Richard Branson. The company rebranded this May, announcing that it was ready for business with chicken as its first consumer product, and last month unveiled a $50 million R&D center called EPIC. So far, UPSIDE demonstrated the effectiveness of its ACF feed …

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