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Rich Dillon, CEO Ivy Farm

Rich Dillon © Ivy Farm

Opinion

Op Ed: Rich Dillon, CEO, Ivy Farm – What We Need From the New Labour Government

In the UK, a Labour government is now in power for the first time in 14 years. Change is on the horizon in terms of food policy and approvals in the country, which has just recorded its first decrease in meat production in over a decade, and where experts predict a radical dietary shift over the next 30 years. “From lab-grown meat to vertical farming, the future of food is …

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Governor JB Pritzker of llinois

Governor JB Pritzker ©illinois.gov

Politics & Law

$51 Million Federal Grant for Precision Fermentation Hub to Drive Innovation, Growth, and Job Creation in Illinois

The Illinois Fermentation and Agriculture Biomanufacturing (iFAB) Tech Hub has secured approximately $51 million in federal funding from the US Economic Development Administration (EDA) as part of the Biden-Harris Administration’s Tech Hubs Program. The grant, which will support significant infrastructure expansions, aims to position Central Illinois as a global leader in biomanufacturing, promoting economic growth, job creation, and national security. The iFAB is supported by Innovate Illinois, a strategic initiative …

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© GALY

Investments & Finance

Inditex, Owner of Fashion House Zara, Invests in GALY’s Cultivated Cotton from Plant Cells

Spanish multinational clothing company Inditex, owner of Zara and Massimo Dutti, among other fashion brands, has announced a minority stake investment (the sum has not been disclosed) in GALY, a Brazilian and US biotech producing cultivated cotton from plant cells. GALY was founded in 2019 by Luciano Bueno, a former Deloitte executive. The startup has raised over $33.5 million from notable investors such as Sam Altman, former president of Y Combinator …

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The Better Meat Co. receives historic GRAS "No Questions" letter from FDA for its meat-like Rhiza mycoprotein

Image courtesy of The Better Meat Co.

Fermentation

The Better Meat Co. Receives FDA GRAS ‘No Questions’ Letter for Rhiza Mycoprotein

California’s The Better Meat Co. (BMC), a B2B supplier of mycoprotein,  announces that it has received the FDA’s “no questions” letter, confirming that its Rhiza mycoprotein, derived from the mycelium of the fungi genus Neurospora crassa, is generally recognized as safe (GRAS) for human consumption. BMC now joins Quorn, ENOUGH (we have yet to verify on this count), and Nature’s Fynd in receiving FDA support for such ingredients, according to …

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mosa-meat-steak-tartare

Cultivated Steak Tartare ©Mosa Meat

Politics & Law

Hungarian Council Presidency Tells EU That Novel Foods Are a Threat to European Food Traditions

The Hungarian Council Presidency has invited EU agriculture ministers to discuss the impact of novel foods such as cultivated meat and plant-based foods on European food traditions. According to Euractiv, the presidency sent a note to EU delegations saying that meat and dairy consumption is an important part of the “European way of life”, implying that plant-based or cultivated alternatives could pose a threat to European culture. The note also …

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Cultivated seafood startup Umami Bioworks and India’s IKP Knowledge Park, a premium Science Park and Incubator India, have announced a partnership to accelerate the production of cultivated seafood.

© IKP Knowledge Park

Seafood

Cultivated Seafood Pioneer UMAMI Bioworks Sets Foot in India with IKP Partnership

Cultivated seafood startup UMAMI Bioworks, (previously Umami Meats) has announced a partnership with India’s premium Science Park and Incubator, IKP Knowledge Park, to accelerate the production of cultivated seafood. IKP has recently established the Centre for Smart Protein and Sustainable Material Innovation in Bangalore, which facilitates core R&D, innovation, collaboration, and knowledge exchange for the smart protein sector. At the centre, UMAMI Bioworks’ team in India will lead the engineering …

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Meatable, a Dutch producer of cell-based pork meat, has become the first company to hold an officially approved cultivated meat tasting in the European Union and the first in the Netherlands.

Meatable sausages, image credit Bart Maat

Politics & Law

Austrian Agriculture Officials to Use Negative Survey Results to Advocate Against Cultivated Meat

A study commissioned by Austria’s Chamber of Agriculture and Forestry in Carinthia (a southern region in the Alps and and least densely populated state), found that 90% of respondents are unwilling to eat cultivated meat regularly, 72% expressed health risk concerns, and 82% even want to ban the technology. The survey questioned over 800 people aged 16 and older, and, according to Deputy Governor Martin Gruber (ÖVP), participants were informed …

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© Foray Bioscience

Ingredients

Foray Bioscience Raises $3M to Restore Forests With Plant Cell Culture Tech

Boston-based Foray Bioscience, a startup leveraging plant cell culture to restore forests and, thus, secure plant supply chains, has raised $3 million in seed funding led by the Australian VC ReGen Ventures. Other participants, including Engine Ventures, Susquehanna Sustainable Investments, Understorey, Superorganism, and additional investors, backed the biotech in this round, bringing its total to $3.875 million. With a background in plant-based materials research from MIT and Draper Laboratory, Dr. Ashley Beckwith (CEO) founded Foray …

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Solvable Syndicate

©Investment Climate Podcast

Investments & Finance

Investment Climate Podcast: Steve Simitzis of Solvable Syndicate – How to Get Funded in 2024

In this podcast series, co-produced by vegconomist, Alex Shandrovsky interviews investors about benchmarks for funding Alt Proteins in 2024 and uncovers the investment playbooks of successful Climate Tech CEOs and leading VCs. Podcast Host Alex Shandrovksy is a strategic advisor to numerous global food tech accelerators and companies, including alternative proteins and cellular agriculture leaders. His focus is on investor relations and post-raise scale for agrifood tech companies. Episode 07: …

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bluu seafood cultivated salmon served on a black plate with lemon rinds

Bluu Seafood's cultivated sashimi © Bluu GmbH/Wim Jansen

Fairs & Events

New Food in Europe: CellAgri Portugal to Host Key Conference, Cellular Agriculture Europe Welcomes 12 Members

CellAgri Portugal, the country’s association for the development of cellular agriculture, announces its 2nd International Conference on the 4th and 5th of October at Fórum in Lisbon. The abstract submission deadline for interested collaborators is the 30th of July 2024. The conference aims to bring together leading scientists, entrepreneurs, and industry experts to explore the latest advancements in the field, from cultivated meat and seafood to leather and precision fermentation …

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