APAC Regulatory Coordination Forum Releases White Papers to Harmonize Cultivated Meat Standards
The APAC Regulatory Coordination Forum has released two white papers that address essential safety and regulatory concerns for cultivated meat to support their commercialization while promoting safe innovations in the Asia-Pacific market. The new resources examine current gaps in cell line developments and cell culture media components — the building blocks of cultivated meat production — identified as the two regulatory topics of highest interest in 2024. The cell line …
Dutch Startup Meatable Joins APAC Society for Cellular Agriculture, Set to Pioneer Cultivated Pork in Singapore
Dutch cultivated pork startup Meatable announces it has joined the APAC Society for Cellular Agriculture (APAC-SCA), becoming its newest member as of September 2024. APAC-SCA is a coalition of Asian cultivated meat and seafood companies advancing cell-based foods to meet the soaring animal protein demand in a bid to ensure food security and sustainability. The organization has opened its membership to companies based outside the APAC region, aiming to support …
Paleo Considers Legal Action Against Vow Regarding the Mammoth Meatball
Belgian precision fermentation firm Paleo announces it is considering legal action against Vow, an Australian cultivated meat company, for claiming that mammoth myoglobin protein is Vow’s invention, “while knowing that the technology (mammoth myoglobin) was already developed two years ago by Paleo, with patent applications ongoing.” Paleo develops animal-free heme proteins as ingredients for the alt meat sector. It focuses on producing myoglobin, a heme protein found in animal muscles. In July 2022, …
GFI: Majority of Alt-Protein Investors Remain Optimistic About Industry’s Long-Term Growth
The Good Food Institute (GFI) has released a new analysis showing that, despite challenging macroeconomic and market conditions, investment interest in the alternative proteins sector remains strong, with 99% of investors surveyed showing optimism for its long-term potential. Observing the rapid growth of alt-protein investments in the past decade, which has doubled YOY and now totals about $14.2Bn globally, GFI noted the marked slowdown and deceleration of investments last year, …
“Regulatory Milestone” as GOOD Meat Receives Approval for Serum-Free Cell Growth Media
GOOD Meat, Eat Just’s cultivated meat division, has become the first producer worldwide to receive regulatory approval for the use of serum-free cell growth media in cultivated products. To date, most cultivated meat producers have used fetal bovine serum to grow their cells. However, the serum is expensive, of inconsistent quality, and comes with ethical issues. GOOD Meat believes that the use of serum-free media will make cultivated meat production …
Jimi Biotech: Producer of First Cultivated Beef in China Closes Angel Round, Has Sights on Unicorn Status?
Jimi Biotech, a company that states that it unveiled the first cultivated beef in China four months after it was founded, announces the completion of an angel round of RMB20 million (around $3 million) to accelerate cultivated meat production in the country. The round was led by Plum Ventures, and Fanqie Capital, and included Green Leaf Ventures and Joyvio Capital. Former Alibaba engineer and founder of NYSE-listed company Mogujie, Chen …
New Plant-Based Ink Could Reduce Cost of 3D Printing Cultivated Meat
Scientists in China and Singapore have developed a plant-based ink that can be used when 3D printing cultivated meat. 3D printing is often used to create the scaffolds that cultivated meat cells grow on, which ensure that the resulting meat has the right texture and structure. To date, animal products such as gelatine and collagen have often been used to print scaffolds, or sometimes synthetic alternatives. But these materials are …
South Korea’s Third-Largest Conglomerate SK Invests $7M in Wildtype Cultivated Salmon
SK Inc., the investment arm of South Korea’s third-largest conglomerate SK Group, has announced a $7 million investment in US-based cultivated salmon producer Wildtype. The Korean firm explained that it is looking to increase its investments in companies with excellent environmental, social, and corporate governance credentials. The conglomerate also reveals that it is working to form a joint venture between Perfect Day and Korean dairy producer Maeli Dairies, with the …
NZ’s Opo Bio Emerges From Stealth With $1.5M Seed for Cultivated Meat Ingredients
Opo Bio, a New Zealand-based biotech startup developing what it refers to as next-gen cultivated meat ingredients to supply producers of cultivated meat, announces the launch of its first product, Opo-Moo, a primary bovine muscle cell line. Opo Bio concurrently announces a NZ$1.5 million Seed capital round led by Matū Karihi, syndicated with The University of Auckland Inventors’ Fund, Booster Innovation Fund, and angel investors. Cell lines supplier Opo Bio …
World’s First Hybrid Cultivated Meat Innovation Center Coming in 2023
Dutch cultivated meat company Meatable announces a partnership with Singaporean plant-based butcher Love Handle to build the world’s first hybrid cultivated meat innovation center in Singapore. The two companies will jointly invest around $6 million to inaugurate the center in 2023 and will collaborate to develop hybrid meat products for the Singaporean and global markets. The Future of Meat innovation center will unite the two alternative protein sectors to satisfy the world’s growing …