Category: Foodtech
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Stockholm, Sweden-based Norrsken Foundation announced this week it will launch an eight-week accelerator program this summer for startups, including those working in the food tech realm. The Norrsken Impact Accelerator will, as its name suggests, look for companies enacting positive change across all areas of sustainability that encompass the United Nations’ Sustainable Development Goals. While…
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From the locust to the Goliath Beetle, insects of many kinds are a regular part of people’s diets in many parts of the world, including Mexico, South Korea, Australia, and multiple African nations. In Western cultures, folks are far less excited about the prospect of eating bugs, though that is slowly changing. Just this week,…
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At one point in the not-too-distant past, the idea of edible protein grown in a lab was the stuff of science fiction. But in what’s felt like a relatively short period of time (a few years), a greater number of companies, individuals, and investors have embraced the concept of cellular agriculture and, more and more,…
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It goes without saying that 2020 was a challenging year for the food industry. A worldwide pandemic that wreaked havoc on food supply chains, forced the permanent closure of thousands of restaurants worldwide, and pushed millions of people deeper into food insecurity showed us just how fragile the systems that keep us nourished and fed…
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Air Protein, a company using technology to make meat from elements in the air, announced today it has completed a $32 million Series A round of fundraising. The round was led by ADM Ventures, Barclays, and GV (formerly Google Ventures), according to a press announcement sent to The Spoon. Air Protein’s approach to alternative meat…
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Sydney, Australia-based company Vow Foods announced today that it has raised $6 million in seed funding to further develop alternative forms of meat — chicken, pork, and kangaroo among them. The round was led by Square Peg Capital, with participation from Tenacious Ventures and existing investors Blackbird Ventures and Grok Ventures, according to an email…
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Israel-based Aleph Farms announced today that its cultured meat is headed for the Japanese market, thanks to a new Memorandum of Understanding with Mitsubishi. Through the new deal, Aleph Farms will provide its BioFarm platform to cultivate whole-muscle steaks, while Mitsubishi provides its expertise in biotechnology processes, branded food manufacturing and distribution throughout Japan. In…
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Controlled-environment agriculture — also simply known as indoor farming — had a big year both in terms of activity and investment dollars. While once we might have questioned the sector’s economic viability and ability to actually feed a growing global population, a lot of those doubts have diminished and indoor ag in its many forms…
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I have good news for mock meat makers who want to challenge the Impossible Burger: You’ll soon have access to Impossible’s magic ingredient — that’s heme, the molecule that makes its plant-based burgers bleed, sizzle, and taste so similar to the real thing. Last month, Leonard Lerer, CEO of Back of the Yards Algae Sciences…
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While costs are coming down for controlled environment agriculture, electricity remains one of the highest because it has to power the LEDs that provide the lighting formula for plant growth. But a materials science company called UbiQD wants to change that by replacing electricity with a more efficient means of lighting: quantum dots. Quantum dots…
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While high-end cuisine is a logical launch point for cultured meat, few expect chefs themselves to start companies that create this form of alternative protein. But if you’re Chef Shimamura Masaharu of Japan, someone who writes that in high school he wondered whether to “to wear a cook’s lab coat or a scientist’s lab coat,”…
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U.K.-based startup Better Dairy announced today it has raised £1.6 million (~$2.1 million USD) in seed funding for its animal-free dairy production. As first reported by TechCrunch, the round was led by Happiness Capital with participation from CPT Capital, Stray Dog Capital, Veg Capital, and undisclosed angel investors. Better Dairy says it will use the…
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